Versor Investments LP Has $980,000 Stock Holdings in Douglas Dynamics, Inc. $PLOW

Key Points

• Versor Investments LP increased its stake in Douglas Dynamics, Inc. by 88.4%, owning 42,200 shares valued at approximately $980,000.
• Douglas Dynamics recently reported quarterly earnings per share of $1.14, exceeding expectations of $0.84.
• The company announced a quarterly dividend of $0.295, with a dividend yield of 3.6% and a payout ratio of 42.29%.

Versor Investments LP lifted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 88.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,200 shares of the auto parts company's stock after purchasing an additional 19,800 shares during the period. Versor Investments LP owned 0.18% of Douglas Dynamics worth $980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLOW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Douglas Dynamics by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock valued at $307,000 after buying an additional 591 shares in the last quarter. Wellington Management Group LLP grew its holdings in Douglas Dynamics by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock valued at $6,625,000 after buying an additional 750 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Douglas Dynamics by 2.9% in the 1st quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company's stock valued at $700,000 after buying an additional 850 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Douglas Dynamics by 10.1% in the 1st quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company's stock valued at $237,000 after buying an additional 938 shares in the last quarter. Finally, CWM LLC grew its holdings in Douglas Dynamics by 24.2% in the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after buying an additional 1,052 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

Analysts Set New Price Targets

PLOW has been the topic of a number of research reports. Wall Street Zen lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson lifted their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Douglas Dynamics has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Douglas Dynamics Price Performance

Shares of PLOW traded up $1.22 during trading hours on Friday, hitting $33.83. 297,489 shares of the company were exchanged, compared to its average volume of 198,587. The company has a market cap of $779.44 million, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.16 and a beta of 1.32. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.12. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. The firm's fifty day moving average is $29.93 and its 200 day moving average is $27.00.

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, beating the consensus estimate of $0.84 by $0.30. The business had revenue of $194.33 million for the quarter, compared to analyst estimates of $189.47 million. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.Douglas Dynamics's revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, equities analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 annualized dividend and a yield of 3.5%. Douglas Dynamics's dividend payout ratio (DPR) is 42.29%.

Douglas Dynamics Company 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.