Great Lakes Advisors LLC Buys New Shares in Douglas Dynamics, Inc. $PLOW

Great Lakes Advisors LLC purchased a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,704 shares of the auto parts company’s stock, valued at approximately $739,000. Great Lakes Advisors LLC owned about 0.06% of Douglas Dynamics at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Douglas Dynamics during the second quarter worth approximately $109,009,000. Pzena Investment Management LLC acquired a new position in Douglas Dynamics in the second quarter valued at approximately $74,703,000. Arrowstreet Capital Limited Partnership lifted its stake in Douglas Dynamics by 128.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock valued at $22,673,000 after buying an additional 303,077 shares during the period. Nuveen LLC boosted its holdings 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 buying an additional 290,144 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Douglas Dynamics during the 2nd quarter worth approximately $13,297,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Stock Up 2.3%

Shares of NYSE:PLOW opened at $42.04 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16. Douglas Dynamics, Inc. has a 52-week low of $28.52 and a 52-week high of $55.00. The business’s 50 day simple moving average is $45.82 and its two-hundred day simple moving average is $44.53. The firm has a market cap of $970.28 million, a P/E ratio of 19.11, a PEG ratio of 0.92 and a beta of 1.20.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data 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. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%.The firm had revenue of $214.65 million during the quarter, compared to the consensus estimate of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. As a group, research analysts forecast that Douglas Dynamics, Inc. will post 2.86 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

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

Analysts Set New Price Targets

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