Allspring Global Investments Holdings LLC Sells 336,258 Shares of Douglas Dynamics, Inc. $PLOW

Allspring Global Investments Holdings LLC lessened its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,058,359 shares of the auto parts company’s stock after selling 336,258 shares during the quarter. Allspring Global Investments Holdings LLC owned about 8.92% of Douglas Dynamics worth $88,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLOW. Kestra Private Wealth Services LLC raised its position in shares of Douglas Dynamics by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 24,242 shares of the auto parts company’s stock worth $1,020,000 after purchasing an additional 272 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Douglas Dynamics by 18.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock valued at $85,000 after buying an additional 400 shares during the last quarter. State of Wyoming increased its position in shares of Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 405 shares in the last quarter. Comerica Bank increased its position in shares of Douglas Dynamics by 2.6% during the fourth quarter. Comerica Bank now owns 15,996 shares of the auto parts company’s stock worth $522,000 after acquiring an additional 407 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in shares of Douglas Dynamics by 6.7% in the 3rd quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company’s stock worth $224,000 after acquiring an additional 449 shares during the last quarter. 91.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PLOW shares. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Robert W. Baird set a $56.00 price objective on Douglas Dynamics in a research note on Wednesday, May 6th. DA Davidson raised their target price on Douglas Dynamics from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen cut Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $54.67.

Douglas Dynamics Trading Down 0.9%

Shares of PLOW opened at $44.53 on Friday. The business’s 50-day moving average price is $46.43 and its 200-day moving average price is $43.16. Douglas Dynamics, Inc. has a twelve month low of $27.62 and a twelve month high of $55.00. The stock has a market cap of $1.03 billion, a PE ratio of 20.06, a P/E/G ratio of 1.07 and a beta of 1.17. The company has a quick ratio of 0.77, a current ratio of 2.65 and a debt-to-equity ratio of 0.48.

Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, May 4th. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24. Douglas Dynamics had a net margin of 7.83% and a return on equity of 19.72%. The business had revenue of $137.80 million during the quarter, compared to analyst estimates of $133.25 million. Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. On average, equities analysts forecast that Douglas Dynamics, Inc. will post 2.62 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 53.15%.

Douglas Dynamics Company 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.