Rice Hall James & Associates LLC Has $1.75 Million Holdings in Douglas Dynamics, Inc. $PLOW

Rice Hall James & Associates LLC decreased its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 28.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 56,090 shares of the auto parts company’s stock after selling 22,055 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Douglas Dynamics were worth $1,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Pzena Investment Management LLC boosted its stake in shares of Douglas Dynamics by 0.4% during the 2nd quarter. Pzena Investment Management LLC now owns 2,281,587 shares of the auto parts company’s stock worth $67,238,000 after acquiring an additional 8,584 shares during the period. Geode Capital Management LLC lifted its holdings in Douglas Dynamics by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 539,933 shares of the auto parts company’s stock valued at $15,915,000 after purchasing an additional 2,572 shares during the last quarter. Invenomic Capital Management LP boosted its position in Douglas Dynamics by 60.5% during the first quarter. Invenomic Capital Management LP now owns 490,603 shares of the auto parts company’s stock worth $11,397,000 after purchasing an additional 184,941 shares during the period. Systematic Financial Management LP increased its holdings in shares of Douglas Dynamics by 1.1% in the second quarter. Systematic Financial Management LP now owns 309,114 shares of the auto parts company’s stock valued at $9,110,000 after purchasing an additional 3,310 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Douglas Dynamics by 0.7% in the second quarter. Bank of America Corp DE now owns 298,934 shares of the auto parts company’s stock valued at $8,810,000 after purchasing an additional 2,093 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock opened at $33.35 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 $768.31 million, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.28. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $34.41. The company has a 50-day simple moving average of $31.87 and a two-hundred day simple moving average of $31.21.

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

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio (DPR) is 67.05%.

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.