Douglas Dynamics (NYSE:PLOW) Shares Down 6% – Here’s What Happened

Douglas Dynamics, Inc. (NYSE:PLOW)’s stock price dropped 6% during trading on Monday . The stock traded as low as $49.01 and last traded at $47.2640. Approximately 22,706 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 232,059 shares. The stock had previously closed at $50.27.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Weiss Ratings cut Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Robert W. Baird set a $56.00 price objective on Douglas Dynamics in a research note on Wednesday, May 6th. DA Davidson lifted their price objective on Douglas Dynamics from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $54.67.

Douglas Dynamics Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 2.65. The business’s fifty day simple moving average is $46.83 and its 200-day simple moving average is $42.49. The firm has a market capitalization of $1.10 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 4th. The auto parts company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. The firm had revenue of $137.80 million for the quarter, compared to the consensus estimate of $133.25 million. Douglas Dynamics had a net margin of 7.83% and a return on equity of 19.72%. Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. As a group, equities research analysts expect that Douglas Dynamics, Inc. will post 2.69 EPS for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is 53.15%.

Institutional Investors Weigh In On Douglas Dynamics

Large investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in Douglas Dynamics during the first quarter valued at approximately $220,000. Glenmede Trust Co. NA purchased a new position in Douglas Dynamics during the 1st quarter valued at approximately $208,000. Bank of America Corp DE increased its stake in Douglas Dynamics by 6.5% in the 1st quarter. Bank of America Corp DE now owns 289,552 shares of the auto parts company’s stock worth $12,187,000 after acquiring an additional 17,717 shares during the last quarter. Janus Henderson Group PLC increased its stake in Douglas Dynamics by 43.1% in the 1st quarter. Janus Henderson Group PLC now owns 113,791 shares of the auto parts company’s stock worth $4,790,000 after acquiring an additional 34,297 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Douglas Dynamics by 79.6% during the 1st quarter. Quantinno Capital Management LP now owns 41,148 shares of the auto parts company’s stock worth $1,732,000 after acquiring an additional 18,235 shares in the last quarter. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Company Profile

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.