Lazard Asset Management LLC Purchases 34,206 Shares of Douglas Dynamics, Inc. $PLOW

Lazard Asset Management LLC grew its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 51.1% during the first quarter, Holdings Channel reports. The fund owned 101,109 shares of the auto parts company’s stock after purchasing an additional 34,206 shares during the period. Lazard Asset Management LLC’s holdings in Douglas Dynamics were worth $4,256,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PLOW. Dean Capital Management lifted its stake in shares of Douglas Dynamics by 58.7% in the 1st quarter. Dean Capital Management now owns 21,854 shares of the auto parts company’s stock valued at $920,000 after purchasing an additional 8,084 shares during the period. Punch & Associates Investment Management Inc. grew its stake in Douglas Dynamics by 1.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 621,845 shares of the auto parts company’s stock worth $26,173,000 after purchasing an additional 7,139 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Douglas Dynamics by 128.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock worth $22,673,000 after purchasing an additional 303,077 shares during the period. Caxton Associates LLP bought a new position in Douglas Dynamics in the first quarter worth $225,000. Finally, Sei Investments Co. raised its holdings in Douglas Dynamics by 60.5% in the first quarter. Sei Investments Co. now owns 303,297 shares of the auto parts company’s stock worth $12,766,000 after purchasing an additional 114,380 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PLOW shares. Weiss Ratings upgraded shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Robert W. Baird set a $56.00 price target on shares of Douglas Dynamics in a research note on Wednesday, May 6th. Zacks Research cut shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, Freedom Capital upgraded shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Douglas Dynamics presently has a consensus rating of “Buy” and an average target price of $54.67.

Douglas Dynamics Stock Up 2.6%

Shares of NYSE:PLOW opened at $43.94 on Friday. The company has a current ratio of 2.65, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $46.56 and a two-hundred day simple moving average of $43.93. Douglas Dynamics, Inc. has a 12-month low of $27.62 and a 12-month high of $55.00. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.02 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 analysts’ consensus estimates of $0.12 by $0.24. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.The firm had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. On average, research analysts anticipate that Douglas Dynamics, Inc. will post 2.62 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.295 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.18 dividend on an annualized basis and a yield of 2.7%. Douglas Dynamics’s payout ratio is presently 53.15%.

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.