Douglas Dynamics (NYSE:PLOW) Updates FY 2022 Earnings Guidance

Douglas Dynamics (NYSE:PLOWGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $1.40-$2.00 for the period, compared to the consensus EPS estimate of $1.86. The company issued revenue guidance of $590.00 million-$630.00 million, compared to the consensus revenue estimate of $581.15 million.

Douglas Dynamics Price Performance

Shares of PLOW traded up $0.09 during midday trading on Friday, hitting $33.29. 73,548 shares of the company traded hands, compared to its average volume of 82,418. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.10 and a quick ratio of 0.78. The stock has a 50-day moving average of $30.00 and a 200-day moving average of $32.69. The firm has a market cap of $761.91 million, a P/E ratio of 26.56 and a beta of 0.91. Douglas Dynamics has a one year low of $27.80 and a one year high of $45.66.

Douglas Dynamics (NYSE:PLOWGet Rating) last issued its quarterly earnings results on Monday, August 1st. The auto parts company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $187.56 million for the quarter, compared to analysts’ expectations of $166.15 million. Douglas Dynamics had a net margin of 5.20% and a return on equity of 16.29%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. As a group, sell-side analysts predict that Douglas Dynamics will post 1.72 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, June 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 92.80%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Douglas Dynamics from a buy rating to a hold rating in a research note on Wednesday, May 11th.

Institutional Trading of Douglas Dynamics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLOW. Advisor Group Holdings Inc. raised its holdings in Douglas Dynamics by 52.8% in the first quarter. Advisor Group Holdings Inc. now owns 7,992 shares of the auto parts company’s stock worth $146,000 after purchasing an additional 2,762 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Douglas Dynamics by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 228,350 shares of the auto parts company’s stock worth $7,899,000 after purchasing an additional 2,563 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Douglas Dynamics by 1.1% in the first quarter. Natixis Advisors L.P. now owns 32,297 shares of the auto parts company’s stock worth $1,117,000 after purchasing an additional 348 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Douglas Dynamics by 58.2% in the first quarter. MetLife Investment Management LLC now owns 12,125 shares of the auto parts company’s stock worth $419,000 after purchasing an additional 4,460 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in Douglas Dynamics by 8.2% in the first quarter. Raymond James Trust N.A. now owns 5,946 shares of the auto parts company’s stock worth $206,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

About Douglas Dynamics

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Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.

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