Douglas Dynamics (NYSE:PLOW) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Douglas Dynamics (NYSE:PLOW) posted its quarterly earnings results on Monday. The auto parts company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14, FiscalAI reports. Douglas Dynamics had a net margin of 7.83% and a return on equity of 19.72%. The company had revenue of $214.65 million for the quarter, compared to analysts’ expectations of $219.45 million.

Douglas Dynamics Stock Down 0.4%

PLOW opened at $43.94 on Monday. The company has a fifty day moving average price of $46.56 and a 200-day moving average price of $43.98. The firm has a market capitalization of $1.02 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.65 and a quick ratio of 0.77. Douglas Dynamics has a one year low of $27.62 and a one year high of $55.00.

Douglas Dynamics Announces Dividend

The company also recently declared 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. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, June 16th. Douglas Dynamics’s payout ratio is 53.15%.

Institutional Investors Weigh In On Douglas Dynamics

Several large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in Douglas Dynamics by 229.9% during the third quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company’s stock worth $38,000 after buying an additional 839 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Douglas Dynamics by 136.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 1,303 shares in the last quarter. State of Wyoming boosted its position in shares of Douglas Dynamics by 20.0% during the 2nd quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 405 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Douglas Dynamics by 18.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock worth $85,000 after purchasing an additional 400 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Douglas Dynamics in the fourth quarter worth approximately $91,000. Institutional investors own 91.85% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PLOW. Wall Street Zen downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. DA Davidson boosted their price objective on Douglas Dynamics from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Freedom Capital upgraded shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Robert W. Baird set a $56.00 price target on shares of Douglas Dynamics in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.67.

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.