Ranger Investment Management L.P. Has $8.21 Million Stock Position in Douglas Dynamics, Inc. $PLOW

Ranger Investment Management L.P. grew its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 58.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 278,704 shares of the auto parts company’s stock after acquiring an additional 102,544 shares during the period. Ranger Investment Management L.P. owned about 1.21% of Douglas Dynamics worth $8,213,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in Douglas Dynamics during the 1st quarter worth $53,000. New York State Teachers Retirement System acquired a new stake in shares of Douglas Dynamics in the second quarter valued at about $61,000. Tower Research Capital LLC TRC raised its position in shares of Douglas Dynamics by 136.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 1,303 shares during the last quarter. State of Wyoming increased its position in Douglas Dynamics by 20.0% during the 2nd quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 405 shares during the period. Finally, CWM LLC raised its holdings in Douglas Dynamics by 18.8% during the 2nd quarter. CWM LLC now owns 6,413 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 1,013 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

Shares of NYSE PLOW opened at $33.94 on Friday. The firm has a market capitalization of $781.98 million, a P/E ratio of 19.28, a P/E/G ratio of 1.20 and a beta of 1.28. The firm’s 50-day moving average price is $31.23 and its 200-day moving average price is $30.80. The company has a current ratio of 2.01, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $34.41.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $162.12 million during the quarter, compared to analyst estimates 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. Equities research analysts anticipate 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 will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is presently 67.05%.

Analysts Set New Price Targets

A number of research firms have recently commented on PLOW. DA Davidson reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Douglas Dynamics in a research note on Monday, December 8th. Weiss Ratings restated a “hold (c+)” rating 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 report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.