Sidoti Csr Equities Analysts Lower Earnings Estimates for Douglas Dynamics, Inc. (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) - Equities researchers at Sidoti Csr dropped their Q2 2024 earnings estimates for Douglas Dynamics in a note issued to investors on Tuesday, April 30th. Sidoti Csr analyst G. Burns now anticipates that the auto parts company will earn $0.55 per share for the quarter, down from their previous estimate of $0.62. The consensus estimate for Douglas Dynamics' current full-year earnings is $1.46 per share. Sidoti Csr also issued estimates for Douglas Dynamics' Q4 2024 earnings at $0.60 EPS and Q3 2025 earnings at $0.64 EPS.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.90% and a return on equity of 12.70%. The company had revenue of $134.25 million for the quarter, compared to analyst estimates of $134.00 million.

A number of other analysts have also issued reports on the stock. Robert W. Baird reissued a "neutral" rating and set a $25.00 target price (down from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th. DA Davidson restated a "buy" rating and issued a $31.00 target price on shares of Douglas Dynamics in a research note on Tuesday.

Douglas Dynamics Trading Up 3.1 %

Shares of PLOW stock traded up $0.70 on Thursday, reaching $23.32. 451,581 shares of the company's stock were exchanged, compared to its average volume of 253,909. The company's fifty day simple moving average is $23.47 and its 200 day simple moving average is $26.11. The stock has a market capitalization of $535.78 million, a PE ratio of 19.33, a P/E/G ratio of 1.11 and a beta of 1.14. The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. Douglas Dynamics has a 52 week low of $21.35 and a 52 week high of $35.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Douglas Dynamics in the third quarter worth about $124,000. Punch & Associates Investment Management Inc. boosted its position in shares of Douglas Dynamics by 32.2% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 364,773 shares of the auto parts company's stock worth $11,009,000 after purchasing an additional 88,804 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Douglas Dynamics by 0.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,344,968 shares of the auto parts company's stock worth $70,771,000 after buying an additional 20,522 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Douglas Dynamics by 13.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 175,545 shares of the auto parts company's stock valued at $5,298,000 after buying an additional 20,649 shares in the last quarter. Finally, D.B. Root & Company LLC raised its stake in Douglas Dynamics by 5.2% in the third quarter. D.B. Root & Company LLC now owns 15,250 shares of the auto parts company's stock valued at $460,000 after buying an additional 750 shares during the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date was Friday, March 15th. Douglas Dynamics's dividend payout ratio (DPR) is 100.86%.

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.