Douglas Dynamics (NYSE:PLOW) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Douglas Dynamics (NYSE:PLOW) released its earnings results on Monday. The auto parts company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14, FiscalAI reports. The company had revenue of $214.65 million for the quarter, compared to analyst estimates of $219.45 million. Douglas Dynamics had a net margin of 7.83% and a return on equity of 19.72%.

Douglas Dynamics Price Performance

PLOW opened at $43.94 on Monday. Douglas Dynamics has a 12-month low of $27.62 and a 12-month high of $55.00. The business’s fifty day simple moving average is $46.56 and its 200-day simple moving average is $43.98. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.05 and a beta of 1.20. The company has a current ratio of 2.65, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48.

Douglas Dynamics Announces Dividend

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Douglas Dynamics

A number of large investors have recently made changes to their positions in the business. Nuveen LLC raised its stake in Douglas Dynamics by 485.3% in the 4th quarter. Nuveen LLC now owns 349,929 shares of the auto parts company’s stock worth $11,425,000 after acquiring an additional 290,144 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Douglas Dynamics during the 2nd quarter worth about $4,651,000. Qube Research & Technologies Ltd acquired a new position in Douglas Dynamics in the third quarter valued at approximately $3,244,000. Gumshoe Capital Management LLC acquired a new stake in shares of Douglas Dynamics during the 4th quarter worth approximately $2,547,000. Finally, Lazard Asset Management LLC purchased a new stake in Douglas Dynamics during the fourth quarter worth $2,184,000. 91.85% of the stock is owned by institutional investors and hedge funds.

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.