Douglas Dynamics, Inc. (PLOW) To Go Ex-Dividend on December 16th

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Friday, December 5th. Stockholders of record on Tuesday, December 16th will be paid a dividend of 0.295 per share by the auto parts company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 16th.

Douglas Dynamics has raised its dividend by an average of 0.0%per year over the last three years. Douglas Dynamics has a payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Douglas Dynamics to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 72.0%.

Douglas Dynamics Trading Down 0.3%

NYSE PLOW opened at $33.94 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $781.98 million, a P/E ratio of 19.28, a P/E/G ratio of 1.20 and a beta of 1.28. Douglas Dynamics has a 52-week low of $21.30 and a 52-week high of $34.41. The firm has a 50-day moving average price of $31.23 and a 200 day moving average price of $30.80.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, November 3rd. The auto parts company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $162.12 million for the quarter, compared to analyst estimates of $163.27 million. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. Equities research analysts expect that Douglas Dynamics will post 1.3 EPS for the current year.

Analyst Ratings Changes

PLOW has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 8th. Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, DA Davidson restated a “buy” rating and set a $39.00 target price on shares of Douglas Dynamics in a research report on Monday, December 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.