Geode Capital Management LLC Acquires 2,572 Shares of Douglas Dynamics, Inc. $PLOW

Geode Capital Management LLC lifted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 539,933 shares of the auto parts company’s stock after purchasing an additional 2,572 shares during the quarter. Geode Capital Management LLC owned approximately 2.33% of Douglas Dynamics worth $15,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. New York State Teachers Retirement System bought a new position in Douglas Dynamics during the second quarter valued at about $61,000. Quarry LP bought a new position in shares of Douglas Dynamics in the 1st quarter valued at approximately $53,000. CWM LLC lifted its holdings in Douglas Dynamics by 18.8% in the 2nd quarter. CWM LLC now owns 6,413 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 1,013 shares during the last quarter. R Squared Ltd bought a new stake in Douglas Dynamics during the second quarter worth approximately $216,000. Finally, Ieq Capital LLC acquired a new position in Douglas Dynamics during the first quarter valued at approximately $220,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Stock Down 1.1%

NYSE PLOW opened at $31.96 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 $736.39 million, a price-to-earnings ratio of 11.46, a PEG ratio of 1.13 and a beta of 1.30. The stock’s 50 day moving average is $31.00 and its two-hundred day moving average is $30.52. 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 posted its earnings results on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The business had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. Equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 16th. Douglas Dynamics’s dividend payout ratio is currently 67.05%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a report on Tuesday, November 25th. Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, DA Davidson set a $39.00 price target on Douglas Dynamics in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Moderate Buy” and an average price target of $39.00.

About Douglas Dynamics

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.