Douglas Dynamics, Inc. $PLOW Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Douglas Dynamics by 2.0%, owning 1,317,898 shares valued at approximately $30.62 million as of its latest SEC disclosure.
• Douglas Dynamics reported a quarterly earnings per share (EPS) of $1.14, exceeding analysts' expectations of $0.84, despite a revenue decline of 2.8% year-over-year.
• The company announced a quarterly dividend of $0.295 per share, resulting in an annualized dividend of $1.18 and a dividend yield of 3.5%.

Vanguard Group Inc. lifted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,317,898 shares of the auto parts company's stock after buying an additional 26,118 shares during the quarter. Vanguard Group Inc. owned approximately 5.71% of Douglas Dynamics worth $30,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in PLOW. Pzena Investment Management LLC grew its position in shares of Douglas Dynamics by 35.4% during the first quarter. Pzena Investment Management LLC now owns 2,273,003 shares of the auto parts company's stock worth $52,802,000 after buying an additional 593,962 shares in the last quarter. Ararat Capital Management LP raised its stake in Douglas Dynamics by 40.6% during the fourth quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company's stock valued at $19,074,000 after buying an additional 233,255 shares in the last quarter. Invenomic Capital Management LP raised its stake in Douglas Dynamics by 43.1% during the fourth quarter. Invenomic Capital Management LP now owns 305,662 shares of the auto parts company's stock valued at $7,223,000 after buying an additional 92,062 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Douglas Dynamics by 80.6% during the 4th quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock worth $3,270,000 after buying an additional 61,759 shares during the last quarter. Finally, Systematic Financial Management LP increased its holdings in shares of Douglas Dynamics by 27.9% in the 4th quarter. Systematic Financial Management LP now owns 276,453 shares of the auto parts company's stock valued at $6,533,000 after acquiring an additional 60,388 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on PLOW shares. DA Davidson lifted their price objective on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Douglas Dynamics Stock Performance

NYSE:PLOW traded down $0.30 during mid-day trading on Friday, hitting $33.71. The stock had a trading volume of 111,394 shares, compared to its average volume of 185,714. The company has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $27.34. The stock has a market capitalization of $776.60 million, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.22 and a beta of 1.32. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The firm had revenue of $194.33 million for the quarter, compared to analysts' expectations of $189.47 million. During the same period last year, the firm earned $1.11 EPS. The firm's revenue was down 2.8% compared to the same quarter last year. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, research analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics's dividend payout ratio is currently 42.29%.

Douglas Dynamics Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.