SG Americas Securities LLC Takes Position in Douglas Dynamics, Inc. $PLOW

SG Americas Securities LLC purchased a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,391 shares of the auto parts company’s stock, valued at approximately $1,013,000. SG Americas Securities LLC owned approximately 0.14% of Douglas Dynamics at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in Douglas Dynamics during the 2nd quarter worth about $61,000. Tower Research Capital LLC TRC boosted its holdings in shares of Douglas Dynamics by 136.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 1,303 shares during the period. State of Wyoming grew its position in Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 405 shares in the last quarter. McIlrath & Eck LLC acquired a new position in Douglas Dynamics in the 3rd quarter valued at approximately $79,000. Finally, CWM LLC lifted its position 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 buying an additional 1,013 shares in the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLOW has been the topic of several research analyst reports. Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. DA Davidson restated a “buy” rating and issued a $39.00 target price on shares of Douglas Dynamics in a research note on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Douglas Dynamics presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Douglas Dynamics Trading Down 0.9%

Douglas Dynamics stock opened at $36.57 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.09. The company has a market capitalization of $842.60 million, a price-to-earnings ratio of 20.78, a PEG ratio of 1.22 and a beta of 1.26. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $37.10. The company’s fifty day moving average price is $33.03 and its two-hundred day moving average price is $31.83.

Douglas Dynamics (NYSE:PLOW) last announced 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 company had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $163.27 million. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. On average, analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, December 16th. 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.