Hsbc Holdings PLC Acquires 5,195 Shares of Douglas Dynamics, Inc. $PLOW

Hsbc Holdings PLC grew its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 31.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,710 shares of the auto parts company’s stock after purchasing an additional 5,195 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of Douglas Dynamics worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PLOW. CWM LLC increased its stake in shares of Douglas Dynamics by 24.2% in the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company’s stock valued at $125,000 after purchasing an additional 1,052 shares during the last quarter. State of Wyoming bought a new position in shares of Douglas Dynamics in the 4th quarter valued at $153,000. Aquatic Capital Management LLC increased its stake in shares of Douglas Dynamics by 358.9% in the 4th quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company’s stock valued at $184,000 after purchasing an additional 6,102 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Douglas Dynamics by 10.1% in the 1st quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company’s stock valued at $237,000 after purchasing an additional 938 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Douglas Dynamics by 50.5% in the 4th quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company’s stock valued at $252,000 after purchasing an additional 3,585 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Down 0.9%

Shares of NYSE:PLOW opened at $33.71 on Tuesday. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $34.25. The company has a market capitalization of $776.56 million, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.21 and a beta of 1.33. The business’s 50-day moving average is $30.64 and its 200-day moving average is $27.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99.

Douglas Dynamics (NYSE:PLOW) last issued 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 business had revenue of $194.33 million during the quarter, compared to analyst estimates of $189.47 million. During the same period in the previous year, the company posted $1.11 EPS. The firm’s 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. Equities research analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued 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 currently 42.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLOW. 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 report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Douglas Dynamics presently has an average rating of “Moderate Buy” and a consensus 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.