State of Wyoming Cuts Holdings in Douglas Dynamics, Inc. $PLOW

State of Wyoming lowered its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 68.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,025 shares of the auto parts company’s stock after selling 4,465 shares during the quarter. State of Wyoming’s holdings in Douglas Dynamics were worth $47,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Douglas Dynamics by 0.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company’s stock valued at $57,032,000 after acquiring an additional 11,297 shares in the last quarter. Pzena Investment Management LLC boosted its position in 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 buying an additional 593,962 shares during the last quarter. Vanguard Group Inc. boosted its position in Douglas Dynamics by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company’s stock worth $30,615,000 after purchasing an additional 26,118 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Douglas Dynamics by 48.3% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 379,660 shares of the auto parts company’s stock worth $8,820,000 after purchasing an additional 123,580 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Douglas Dynamics by 3.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 367,673 shares of the auto parts company’s stock worth $8,541,000 after purchasing an additional 11,696 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Trading Down 1.9%

Shares of PLOW stock opened at $32.66 on Wednesday. The stock’s fifty day moving average is $31.11 and its two-hundred day moving average is $27.71. 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 firm has a market capitalization of $752.39 million, a P/E ratio of 11.70, a PEG ratio of 1.19 and a beta of 1.33. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.25.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the previous year, the firm earned $1.11 EPS. The company’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. Research analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Douglas Dynamics’s payout ratio is currently 42.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PLOW shares. Wall Street Zen lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. DA Davidson increased their target price on Douglas Dynamics from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Douglas Dynamics currently has an average 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.