Ellsworth Advisors LLC Invests $738,000 in Douglas Dynamics, Inc. $PLOW

Ellsworth Advisors LLC bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,928 shares of the auto parts company’s stock, valued at approximately $738,000. Ellsworth Advisors LLC owned approximately 0.10% of Douglas Dynamics as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nuveen LLC acquired a new stake in shares of Douglas Dynamics in the first quarter worth $2,846,000. American Century Companies Inc. boosted its position in Douglas Dynamics by 12.5% during the 1st quarter. American Century Companies Inc. now owns 52,816 shares of the auto parts company’s stock worth $1,227,000 after purchasing an additional 5,858 shares during the period. Hsbc Holdings PLC increased its holdings in Douglas Dynamics by 31.5% in the 1st quarter. Hsbc Holdings PLC now owns 21,710 shares of the auto parts company’s stock valued at $506,000 after purchasing an additional 5,195 shares in the last quarter. Ieq Capital LLC purchased a new position in Douglas Dynamics in the first quarter valued at about $220,000. Finally, Quarry LP purchased a new position in Douglas Dynamics in the first quarter valued at about $53,000. 91.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Monday. DA Davidson reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Douglas Dynamics in a research report on Monday, December 8th. Finally, Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Douglas Dynamics Price Performance

PLOW stock opened at $33.35 on Friday. The stock’s 50 day moving average is $31.87 and its two-hundred day moving average is $31.19. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $34.41. The company has a market capitalization of $768.31 million, a PE ratio of 18.95, a P/E/G ratio of 1.19 and a beta of 1.28. The company has a quick ratio of 1.09, a current ratio of 2.01 and a debt-to-equity ratio of 0.50.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, November 3rd. The auto parts company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. Douglas Dynamics had a net margin of 6.82% and a return on equity of 16.18%. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. Analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 3.5%. Douglas Dynamics’s payout ratio is presently 67.05%.

Douglas Dynamics Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.