Douglas Dynamics (NYSE:PLOW) Reaches New 12-Month High – Should You Buy?

Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.39 and last traded at $37.3790, with a volume of 19252 shares traded. The stock had previously closed at $36.95.

Analyst Upgrades and Downgrades

PLOW has been the subject of several research reports. Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and set a $39.00 price objective on shares of Douglas Dynamics in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.00.

Douglas Dynamics Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01. The firm has a 50 day moving average price of $33.35 and a two-hundred day moving average price of $31.94. The company has a market capitalization of $863.65 million, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26.

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

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.1%. Douglas Dynamics’s dividend payout ratio (DPR) is 67.05%.

Hedge Funds Weigh In On Douglas Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its stake in shares of Douglas Dynamics by 0.4% in the second quarter. Pzena Investment Management LLC now owns 2,281,587 shares of the auto parts company’s stock worth $67,238,000 after acquiring an additional 8,584 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Douglas Dynamics during the second quarter valued at approximately $3,080,000. SG Americas Securities LLC acquired a new stake in shares of Douglas Dynamics in the third quarter valued at approximately $1,013,000. Prudential Financial Inc. bought a new position in Douglas Dynamics in the 2nd quarter worth approximately $3,532,000. Finally, Segall Bryant & Hamill LLC bought a new position in Douglas Dynamics in the 2nd quarter worth approximately $2,640,000. 91.85% of the stock is currently 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.