Susquehanna Fundamental Investments LLC raised its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 356.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,192 shares of the auto parts company’s stock after purchasing an additional 21,239 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Douglas Dynamics were worth $1,467,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Douglas Dynamics by 4.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 81,335 shares of the auto parts company’s stock worth $4,388,000 after purchasing an additional 3,472 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Douglas Dynamics during the second quarter valued at approximately $241,000. Public Employees Retirement System of Ohio purchased a new position in shares of Douglas Dynamics during the second quarter valued at approximately $27,000. Corient Private Wealth LP bought a new stake in Douglas Dynamics during the second quarter worth $1,694,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in Douglas Dynamics in the 2nd quarter valued at $35,570,000. 91.85% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on PLOW shares. Weiss Ratings upgraded Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Zacks Research lowered shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Robert W. Baird reduced their price objective on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. DA Davidson set a $57.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, August 4th. Finally, Wall Street Zen downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $51.67.
Douglas Dynamics Price Performance
PLOW opened at $40.61 on Wednesday. Douglas Dynamics, Inc. has a fifty-two week low of $28.52 and a fifty-two week high of $55.00. The firm has a 50-day moving average of $44.81 and a 200 day moving average of $44.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16. The firm has a market cap of $937.28 million, a P/E ratio of 18.46, a PEG ratio of 0.90 and a beta of 1.19.
Douglas Dynamics (NYSE:PLOW – Get Free Report) last released its earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $214.65 million for the quarter, compared to analysts’ expectations of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. On average, research analysts expect that Douglas Dynamics, Inc. will post 2.86 EPS for the current year.
Douglas Dynamics Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 53.64%.
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.
Featured Articles
- Five stocks we like better than Douglas Dynamics
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Want to see what other hedge funds are holding PLOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Dynamics, Inc. (NYSE:PLOW – Free Report).
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
