Douglas Dynamics (NYSE:PLOW) Hits New 12-Month High – Here’s Why

Douglas Dynamics, Inc. (NYSE:PLOW)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $53.42 and last traded at $52.6350, with a volume of 229429 shares changing hands. The stock had previously closed at $50.31.

Analyst Ratings Changes

Several equities analysts recently commented on PLOW shares. Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Robert W. Baird set a $56.00 price objective on shares of Douglas Dynamics in a research note on Wednesday, May 6th. Zacks Research upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Freedom Capital raised Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of $54.67.

Douglas Dynamics Price Performance

The company’s fifty day moving average is $45.86 and its two-hundred day moving average is $41.52. 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 firm has a market cap of $1.22 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21.

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

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is currently 53.15%.

Institutional Trading of Douglas Dynamics

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Douglas Dynamics by 28.3% in the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company’s stock valued at $2,045,000 after purchasing an additional 19,447 shares during the period. AQR Capital Management LLC increased its stake in Douglas Dynamics by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock worth $2,636,000 after buying an additional 10,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $314,000 after buying an additional 546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Douglas Dynamics by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company’s stock valued at $1,777,000 after buying an additional 7,733 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Douglas Dynamics by 2.8% during the second quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock valued at $795,000 after acquiring an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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.