Cubist Systematic Strategies LLC Purchases New Stake in Douglas Dynamics, Inc. $PLOW

Cubist Systematic Strategies LLC purchased a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,341 shares of the auto parts company’s stock, valued at approximately $914,000. Cubist Systematic Strategies LLC owned about 0.17% of Douglas Dynamics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Douglas Dynamics by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company’s stock valued at $307,000 after purchasing an additional 591 shares during the last quarter. Wellington Management Group LLP increased its stake in Douglas Dynamics by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company’s stock worth $6,625,000 after acquiring an additional 750 shares during the last quarter. Victory Capital Management Inc. increased its stake in Douglas Dynamics by 2.9% during the first quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company’s stock worth $700,000 after acquiring an additional 850 shares during the last quarter. New York State Common Retirement Fund increased its stake in Douglas Dynamics by 10.1% during the first quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company’s stock worth $237,000 after acquiring an additional 938 shares during the last quarter. Finally, CWM LLC increased its stake in Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company’s stock worth $125,000 after acquiring an additional 1,052 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. DA Davidson raised their target price on Douglas Dynamics from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.00.

Douglas Dynamics Trading Down 1.9%

NYSE:PLOW opened at $32.66 on Wednesday. The firm has a market cap of $752.39 million, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.33. The stock has a fifty day moving average price of $31.11 and a 200 day moving average price of $27.71. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $34.25. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51.

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

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.295 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.18 dividend on an annualized basis and a yield of 3.6%. Douglas Dynamics’s dividend payout ratio (DPR) is 42.29%.

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.