Douglas Dynamics, Inc. $PLOW Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,931 shares of the auto parts company’s stock after acquiring an additional 9,000 shares during the quarter. Russell Investments Group Ltd. owned about 0.45% of Douglas Dynamics worth $2,414,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLOW. Pzena Investment Management LLC boosted its holdings in shares of Douglas Dynamics by 35.4% in the first quarter. Pzena Investment Management LLC now owns 2,273,003 shares of the auto parts company’s stock valued at $52,802,000 after acquiring an additional 593,962 shares during the period. Ararat Capital Management LP lifted its holdings in shares of Douglas Dynamics by 40.6% during the fourth quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company’s stock worth $19,074,000 after purchasing an additional 233,255 shares during the period. Nuveen LLC acquired a new stake in shares of Douglas Dynamics during the first quarter worth $2,846,000. Invenomic Capital Management LP lifted its holdings in shares of Douglas Dynamics by 43.1% during the fourth quarter. Invenomic Capital Management LP now owns 305,662 shares of the auto parts company’s stock worth $7,223,000 after purchasing an additional 92,062 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Douglas Dynamics by 80.6% during the fourth quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company’s stock worth $3,270,000 after purchasing an additional 61,759 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Price Performance

Douglas Dynamics stock opened at $33.5380 on Tuesday. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $34.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The business has a fifty day moving average of $30.12 and a two-hundred day moving average of $27.14. The company has a market cap of $772.72 million, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32.

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

Douglas Dynamics Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DA Davidson increased their price target on Douglas Dynamics from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.