DA Davidson Comments on Douglas Dynamics, Inc.’s Q1 2022 Earnings (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOWGet Rating) – Equities research analysts at DA Davidson dropped their Q1 2022 EPS estimates for shares of Douglas Dynamics in a report issued on Tuesday, April 26th. DA Davidson analyst M. Shlisky now forecasts that the auto parts company will post earnings per share of ($0.07) for the quarter, down from their prior forecast of ($0.02).

Douglas Dynamics (NYSE:PLOWGet Rating) last issued its quarterly earnings data on Monday, February 21st. The auto parts company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). Douglas Dynamics had a return on equity of 16.79% and a net margin of 5.67%. The business had revenue of $152.95 million during the quarter. During the same quarter last year, the company posted $0.78 earnings per share.

Other equities analysts have also issued research reports about the stock. StockNews.com initiated coverage on shares of Douglas Dynamics in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Robert W. Baird dropped their target price on shares of Douglas Dynamics from $56.00 to $50.00 in a report on Wednesday, February 23rd.

PLOW stock opened at $31.88 on Thursday. The firm has a market cap of $732.63 million, a price-to-earnings ratio of 24.34 and a beta of 0.87. The company has a quick ratio of 1.39, a current ratio of 2.69 and a debt-to-equity ratio of 0.96. Douglas Dynamics has a 12-month low of $31.58 and a 12-month high of $46.51. The company’s fifty day simple moving average is $34.66 and its 200 day simple moving average is $37.78.

Several large investors have recently bought and sold shares of the company. FMR LLC grew its position in Douglas Dynamics by 36.5% in the 1st quarter. FMR LLC now owns 1,034,961 shares of the auto parts company’s stock worth $39,401,000 after purchasing an additional 276,541 shares in the last quarter. First Trust Advisors LP grew its position in Douglas Dynamics by 5.4% in the 1st quarter. First Trust Advisors LP now owns 77,091 shares of the auto parts company’s stock worth $2,935,000 after purchasing an additional 3,923 shares in the last quarter. Morgan Stanley grew its position in Douglas Dynamics by 209.0% in the 2nd quarter. Morgan Stanley now owns 129,334 shares of the auto parts company’s stock worth $5,261,000 after purchasing an additional 87,473 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Douglas Dynamics by 23.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 72,690 shares of the auto parts company’s stock worth $2,639,000 after purchasing an additional 13,800 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Douglas Dynamics in the 3rd quarter worth about $5,195,000. 94.48% of the stock is owned by institutional investors.

In other news, VP Linda R. Evans sold 1,122 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $35.91, for a total transaction of $40,291.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert L. Mccormick sold 10,260 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $35.91, for a total transaction of $368,436.60. The disclosure for this sale can be found here. Insiders have sold 17,810 shares of company stock worth $639,557 in the last quarter. Company insiders own 2.50% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 18th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, March 17th. This represents a $1.16 annualized dividend and a dividend yield of 3.64%. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.29. Douglas Dynamics’s dividend payout ratio is currently 88.55%.

Douglas Dynamics Company Profile (Get Rating)

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.

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