Versor Investments LP Has $980,000 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 raised its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 88.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,200 shares of the auto parts company's stock after purchasing an additional 19,800 shares during the quarter. Versor Investments LP owned 0.18% of Douglas Dynamics worth $980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLOW. Geode Capital Management LLC raised its stake in shares of Douglas Dynamics by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 521,052 shares of the auto parts company's stock valued at $12,316,000 after purchasing an additional 4,595 shares during the period. Wells Fargo & Company MN raised its stake in shares of Douglas Dynamics by 27.1% in the 4th quarter. Wells Fargo & Company MN now owns 19,194 shares of the auto parts company's stock valued at $454,000 after purchasing an additional 4,097 shares during the period. Barclays PLC raised its stake in shares of Douglas Dynamics by 15.0% in the 4th quarter. Barclays PLC now owns 62,227 shares of the auto parts company's stock valued at $1,470,000 after purchasing an additional 8,111 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Douglas Dynamics by 67.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 47,498 shares of the auto parts company's stock valued at $1,122,000 after purchasing an additional 19,149 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Douglas Dynamics by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company's stock valued at $22,559,000 after purchasing an additional 44,063 shares during the period. Institutional investors and hedge funds own 91.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. DA Davidson lifted their price target on Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Douglas Dynamics Stock Up 3.7%

Shares of NYSE:PLOW traded up $1.22 during midday trading on Friday, reaching $33.83. The company had a trading volume of 297,489 shares, compared to its average volume of 200,928. 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 business's 50 day moving average price is $30.03 and its 200 day moving average price is $27.08. The stock has a market cap of $779.44 million, a PE ratio of 12.13, a P/E/G ratio of 1.22 and a beta of 1.32. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $34.12.

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

Douglas Dynamics Announces Dividend

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