Douglas Dynamics (NYSE:PLOW) Sets New 52-Week High – What’s Next?

Douglas Dynamics, Inc. (NYSE:PLOW) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.14 and last traded at $36.13, with a volume of 16803 shares. The stock had previously closed at $35.92.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLOW. Weiss Ratings restated a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and issued a $39.00 price target on shares of Douglas Dynamics in a research report on Monday, December 8th. Finally, Wall Street Zen downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.00.

Douglas Dynamics Stock Up 0.5%

The firm’s 50 day moving average is $32.42 and its 200-day moving average is $31.59. The firm has a market cap of $832.09 million, a PE ratio of 20.52, a P/E/G ratio of 1.20 and a beta of 1.26. 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 issued its earnings results on Monday, November 3rd. The auto parts company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. As a group, equities research analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 67.05%.

Hedge Funds Weigh In On Douglas Dynamics

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its position 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 worth $2,045,000 after purchasing an additional 19,447 shares during the period. AQR Capital Management LLC grew its stake in shares of Douglas Dynamics by 10.2% during the first quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock valued at $2,636,000 after purchasing an additional 10,535 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 valued at $314,000 after purchasing an additional 546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Douglas Dynamics by 11.2% in the first 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 purchasing an additional 7,733 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Douglas Dynamics by 3.9% in the first quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company’s stock valued at $797,000 after buying an additional 1,286 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.

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.