Vanguard Group Inc. Boosts Holdings in Douglas Dynamics, Inc. $PLOW

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. grew its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 5.71% of Douglas Dynamics worth $30,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PLOW. CWM LLC boosted its holdings in Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock worth $125,000 after purchasing an additional 1,052 shares during the last quarter. State of Wyoming acquired a new position in Douglas Dynamics during the fourth quarter worth $153,000. Aquatic Capital Management LLC boosted its holdings in Douglas Dynamics by 358.9% during the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after purchasing an additional 6,102 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Douglas Dynamics by 10.1% during the first quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company's stock worth $237,000 after purchasing an additional 938 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Douglas Dynamics by 50.5% during the fourth quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company's stock worth $252,000 after purchasing an additional 3,585 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Stock Down 0.7%

Shares of Douglas Dynamics stock traded down $0.25 during trading on Tuesday, reaching $33.42. 101,852 shares of the company traded hands, compared to its average volume of 174,283. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $34.25. The company has a 50 day moving average price of $30.73 and a 200-day moving average price of $27.46. The firm has a market capitalization of $770.09 million, a PE ratio of 11.98, a P/E/G ratio of 1.21 and a beta of 1.33.

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

Douglas Dynamics Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on PLOW. DA Davidson upped their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Douglas Dynamics presently has an average rating of "Moderate Buy" and an average price target of $30.00.

About Douglas Dynamics

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.