Douglas Dynamics, Inc. (NYSE:PLOW – Get Rating) – Analysts at DA Davidson decreased their FY2022 earnings per share (EPS) estimates for Douglas Dynamics in a report issued on Wednesday, May 4th. DA Davidson analyst M. Shlisky now expects that the auto parts company will post earnings of $1.80 per share for the year, down from their previous estimate of $1.83.
PLOW has been the subject of a number of other reports. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Robert W. Baird reduced their price objective on Douglas Dynamics from $56.00 to $50.00 in a research note on Wednesday, February 23rd.
Douglas Dynamics (NYSE:PLOW – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The auto parts company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.03. Douglas Dynamics had a net margin of 4.82% and a return on equity of 15.54%. During the same period last year, the company posted ($0.02) EPS.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 18th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, March 17th. This represents a $1.16 dividend on an annualized basis and a yield of 3.74%. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.29. Douglas Dynamics’s payout ratio is 105.45%.
In other news, insider Keith Hagelin sold 2,540 shares of the stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $35.91, for a total transaction of $91,211.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Linda R. Evans sold 1,122 shares of the business’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $35.91, for a total value of $40,291.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,810 shares of company stock worth $639,557. Corporate insiders own 2.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. D.B. Root & Company LLC boosted its holdings in Douglas Dynamics by 1.9% in the 4th quarter. D.B. Root & Company LLC now owns 14,313 shares of the auto parts company’s stock valued at $559,000 after purchasing an additional 273 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Douglas Dynamics by 5.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 5,810 shares of the auto parts company’s stock worth $213,000 after buying an additional 294 shares in the last quarter. Harbor Investment Advisory LLC grew its position in shares of Douglas Dynamics by 18.1% in the first quarter. Harbor Investment Advisory LLC now owns 3,023 shares of the auto parts company’s stock valued at $105,000 after purchasing an additional 463 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Douglas Dynamics by 4.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 13,941 shares of the auto parts company’s stock valued at $482,000 after buying an additional 600 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Douglas Dynamics by 2.6% during the fourth quarter. California State Teachers Retirement System now owns 31,683 shares of the auto parts company’s stock valued at $1,238,000 after acquiring an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.
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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