Douglas Dynamics (NYSE:PLOW) Posts Earnings Results, Beats Estimates By $0.01 EPS

Douglas Dynamics (NYSE:PLOW) posted its quarterly earnings results on Monday. The auto parts company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01, Zacks reports. Douglas Dynamics had a net margin of 6.82% and a return on equity of 16.18%.

Douglas Dynamics Stock Down 0.4%

NYSE PLOW traded down $0.19 during midday trading on Monday, hitting $42.60. 342,965 shares of the company traded hands, compared to its average volume of 200,844. Douglas Dynamics has a 52 week low of $21.30 and a 52 week high of $42.88. The company’s 50-day simple moving average is $36.89 and its 200-day simple moving average is $33.57. The company has a market cap of $981.50 million, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.09.

Douglas Dynamics Dividend Announcement

The business also recently announced 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. The ex-dividend date was Tuesday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 2.8%. Douglas Dynamics’s dividend payout ratio is currently 67.05%.

Hedge Funds Weigh In On Douglas Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Douglas Dynamics by 28.3% during the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company’s stock valued at $2,045,000 after buying an additional 19,447 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Douglas Dynamics by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock worth $2,636,000 after acquiring an additional 10,535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Douglas Dynamics by 4.2% during 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 acquiring an additional 546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Douglas Dynamics by 11.2% during 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 acquiring an additional 7,733 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Douglas Dynamics by 2.8% in the second quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock valued at $795,000 after acquiring an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and issued a $39.00 target price on shares of Douglas Dynamics in a report on Monday, December 8th. Finally, Wall Street Zen downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.