Douglas Dynamics, Inc. $PLOW Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 71.2% during the third quarter, Holdings Channel.com reports. The fund owned 105,674 shares of the auto parts company’s stock after selling 261,842 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Douglas Dynamics were worth $3,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLOW. State of Wyoming lifted its holdings in Douglas Dynamics by 20.0% during the second 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Douglas Dynamics by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock valued at $314,000 after buying an additional 546 shares in the last quarter. Legal & General Group Plc lifted its stake in Douglas Dynamics by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock valued at $795,000 after buying an additional 725 shares in the last quarter. CWM LLC boosted its holdings in Douglas Dynamics by 18.8% in the 2nd quarter. CWM LLC now owns 6,413 shares of the auto parts company’s stock worth $189,000 after buying an additional 1,013 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Douglas Dynamics by 3.9% during the 1st quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company’s stock worth $797,000 after buying an additional 1,286 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLOW. Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday. Finally, DA Davidson reaffirmed a “buy” rating and set a $39.00 target price 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Douglas Dynamics Stock Performance

NYSE PLOW opened at $33.56 on Thursday. The stock’s fifty day moving average is $31.74 and its two-hundred day moving average is $31.14. The firm has a market capitalization of $773.22 million, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.41.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, November 3rd. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business 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. On average, research analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, December 16th. Douglas Dynamics’s payout ratio is presently 67.05%.

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.