Provident Investment Management Inc. bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 28,935 shares of the auto parts company’s stock, valued at approximately $945,000.
Other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Douglas Dynamics by 5.7% in the 3rd quarter. CWM LLC now owns 6,778 shares of the auto parts company’s stock valued at $212,000 after purchasing an additional 365 shares in the last quarter. State of Wyoming boosted its stake 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 valued at $72,000 after purchasing an additional 405 shares in the last quarter. Comerica Bank increased its holdings in Douglas Dynamics by 2.6% during the fourth quarter. Comerica Bank now owns 15,996 shares of the auto parts company’s stock valued at $522,000 after buying an additional 407 shares during the period. Aquatic Capital Management LLC increased its holdings in Douglas Dynamics by 6.7% during the third quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company’s stock valued at $224,000 after buying an additional 449 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Douglas Dynamics by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock worth $314,000 after buying an additional 546 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.
Insider Activity at Douglas Dynamics
In other Douglas Dynamics news, insider Jon J. Sisulak sold 977 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $42.61, for a total transaction of $41,629.97. Following the completion of the transaction, the insider directly owned 14,232 shares of the company’s stock, valued at approximately $606,425.52. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher E. Bernauer sold 869 shares of Douglas Dynamics stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $42.61, for a total transaction of $37,028.09. Following the sale, the insider owned 9,243 shares of the company’s stock, valued at approximately $393,844.23. The trade was a 8.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.54% of the stock is currently owned by corporate insiders.
Douglas Dynamics Price Performance
Douglas Dynamics (NYSE:PLOW – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The auto parts company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.The business had revenue of $137.80 million for the quarter, compared to analyst estimates of $133.25 million. Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. As a group, equities research analysts forecast that Douglas Dynamics, Inc. will post 2.69 earnings per share for the current year.
Douglas Dynamics Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $0.295 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $1.18 dividend on an annualized basis and a yield of 2.6%. Douglas Dynamics’s dividend payout ratio is currently 53.15%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on PLOW shares. Weiss Ratings cut Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. DA Davidson boosted their price target on Douglas Dynamics from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Loop Capital set a $48.00 price objective on Douglas Dynamics in a research note on Tuesday, March 3rd. Freedom Capital downgraded Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Zacks Research lowered Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Douglas Dynamics has an average rating of “Hold” and a consensus price target of $54.67.
Check Out Our Latest Stock Analysis on PLOW
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.
Recommended Stories
- Five stocks we like better than Douglas Dynamics
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Want to see what other hedge funds are holding PLOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Dynamics, Inc. (NYSE:PLOW – Free Report).
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
