Douglas Dynamics (NYSE:PLOW) Hits New 1-Year High – What’s Next?

Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week high during trading on Tuesday . The stock traded as high as $34.50 and last traded at $34.51, with a volume of 76630 shares changing hands. The stock had previously closed at $33.72.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PLOW shares. Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of Douglas Dynamics in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Douglas Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Douglas Dynamics Trading Up 4.1%

The firm has a market capitalization of $808.47 million, a P/E ratio of 19.93, a PEG ratio of 1.10 and a beta of 1.26. The business’s 50 day moving average is $32.07 and its two-hundred day moving average is $31.41. The company has a quick ratio of 1.09, a current ratio of 2.01 and a debt-to-equity ratio of 0.50.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Douglas Dynamics had a net margin of 6.82% and a return on equity of 16.18%. The firm had revenue of $162.12 million for the quarter, compared to analysts’ expectations of $163.27 million. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. Analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is 67.05%.

Institutional Investors Weigh In On Douglas Dynamics

A number of institutional investors have recently added to or reduced their stakes in PLOW. Arrowstreet Capital Limited Partnership bought a new stake in Douglas Dynamics during the second quarter worth about $4,651,000. Prudential Financial Inc. bought a new position in Douglas Dynamics during the second quarter worth about $3,532,000. American Century Companies Inc. grew its stake in Douglas Dynamics by 223.0% in the second quarter. American Century Companies Inc. now owns 170,598 shares of the auto parts company’s stock valued at $5,028,000 after acquiring an additional 117,782 shares during the period. Russell Investments Group Ltd. raised its position in shares of Douglas Dynamics by 112.4% during the second quarter. Russell Investments Group Ltd. now owns 220,709 shares of the auto parts company’s stock worth $6,504,000 after purchasing an additional 116,778 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of Douglas Dynamics during the 3rd quarter valued at about $3,617,000. 91.85% of the stock is owned by institutional investors and hedge funds.

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.