Pzena Investment Management LLC lowered its holdings in Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 25.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,593,133 shares of the auto parts company’s stock after selling 533,475 shares during the quarter. Pzena Investment Management LLC owned 6.90% of Douglas Dynamics worth $67,055,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLOW. Royal Bank of Canada boosted its holdings in Douglas Dynamics by 28.3% in the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company’s stock valued at $2,045,000 after purchasing an additional 19,447 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Douglas Dynamics by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock valued at $2,636,000 after buying an additional 10,535 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Douglas Dynamics by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock valued at $314,000 after buying an additional 546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Douglas Dynamics by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company’s stock valued at $1,777,000 after buying an additional 7,733 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Douglas Dynamics by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock valued at $795,000 after buying an additional 725 shares during the period. 91.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently commented on PLOW. Freedom Capital raised Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. DA Davidson upped their price objective on Douglas Dynamics from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $56.00 price objective on shares of Douglas Dynamics in a research note on Wednesday, May 6th. Zacks Research raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings lowered shares of Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $54.67.
Douglas Dynamics Price Performance
NYSE:PLOW opened at $52.38 on Thursday. 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, Inc. has a 52 week low of $27.62 and a 52 week high of $55.00. The stock’s 50-day moving average price is $46.63 and its 200-day moving average price is $42.25. The stock has a market capitalization of $1.21 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17.
Douglas Dynamics (NYSE:PLOW – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. The company had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. As a group, equities analysts expect that Douglas Dynamics, Inc. will post 2.69 EPS for the current fiscal year.
Douglas Dynamics Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is presently 53.15%.
About Douglas Dynamics
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.
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