Man Group plc Acquires Shares of 144,399 Douglas Dynamics, Inc. $PLOW

Man Group plc bought a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 144,399 shares of the auto parts company’s stock, valued at approximately $7,790,000. Man Group plc owned 0.63% of Douglas Dynamics as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Douglas Dynamics during the second quarter worth $109,009,000. Pzena Investment Management LLC acquired a new position in Douglas Dynamics in the 2nd quarter worth about $74,703,000. Arrowstreet Capital Limited Partnership increased its position in Douglas Dynamics by 128.6% in the 1st 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 last quarter. Nuveen LLC raised its stake in shares of Douglas Dynamics by 485.3% during the 4th quarter. Nuveen LLC now owns 349,929 shares of the auto parts company’s stock worth $11,425,000 after purchasing an additional 290,144 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Douglas Dynamics during the 2nd quarter worth about $13,297,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Trading Down 1.1%

Shares of Douglas Dynamics stock opened at $41.70 on Friday. Douglas Dynamics, Inc. has a 1 year low of $28.52 and a 1 year high of $55.00. The company’s fifty day simple moving average is $45.17 and its 200-day simple moving average is $44.62. The company has a market cap of $962.44 million, a price-to-earnings ratio of 18.95, a PEG ratio of 0.92 and a beta of 1.20. The company has a current ratio of 2.16, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, August 3rd. The auto parts company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm had revenue of $214.65 million during the quarter, compared to analysts’ expectations of $219.45 million. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. As a group, sell-side analysts expect that Douglas Dynamics, Inc. will post 2.86 EPS for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.8%. Douglas Dynamics’s dividend payout ratio is currently 53.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Robert W. Baird lowered their price target on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. DA Davidson set a $57.00 target price on shares of Douglas Dynamics in a research note on Tuesday, August 4th. Freedom Capital raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.67.

Douglas Dynamics 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.