Pzena Investment Management LLC Purchases New Position in Douglas Dynamics, Inc. $PLOW

Pzena Investment Management LLC purchased a new stake in Douglas Dynamics, Inc. (NYSE:PLOWFree Report) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,384,680 shares of the auto parts company’s stock, valued at approximately $74,703,000. Pzena Investment Management LLC owned about 0.06% of Douglas Dynamics as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Douglas Dynamics during the second quarter worth approximately $109,009,000. Vanguard Group Inc. increased its stake in shares of Douglas Dynamics by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,478,522 shares of the auto parts company’s stock worth $48,274,000 after purchasing an additional 5,465 shares during the period. State Street Corp lifted its holdings in Douglas Dynamics by 0.4% during the 4th quarter. State Street Corp now owns 629,795 shares of the auto parts company’s stock worth $20,563,000 after purchasing an additional 2,804 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in Douglas Dynamics by 1.2% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 621,845 shares of the auto parts company’s stock worth $26,173,000 after purchasing an additional 7,139 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Douglas Dynamics by 128.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock valued at $22,673,000 after purchasing an additional 303,077 shares during the period. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Price Performance

PLOW stock opened at $41.88 on Tuesday. The company’s 50-day moving average price is $46.23 and its two-hundred day moving average price is $44.47. The firm has a market cap of $966.59 million, a P/E ratio of 19.04, a P/E/G ratio of 0.92 and a beta of 1.20. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. Douglas Dynamics, Inc. has a 12 month low of $28.52 and a 12 month high of $55.00.

Douglas Dynamics (NYSE:PLOWGet Free Report) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. The company had revenue of $214.65 million during the quarter, compared to the consensus estimate of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. On average, analysts anticipate that Douglas Dynamics, Inc. will post 2.86 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, June 16th. Douglas Dynamics’s payout ratio is currently 53.64%.

Analyst Ratings Changes

A number of research analysts have commented on PLOW shares. Freedom Capital raised Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Zacks Research downgraded Douglas Dynamics from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Wall Street Zen cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Robert W. Baird decreased their price target on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, DA Davidson set a $57.00 price target on shares of Douglas Dynamics in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.67.

Check Out Our Latest Stock Analysis on Douglas Dynamics

Douglas Dynamics Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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