Sanctuary Advisors LLC Purchases New Position in Douglas Dynamics, Inc. $PLOW

Sanctuary Advisors LLC acquired a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 27,527 shares of the auto parts company’s stock, valued at approximately $1,485,000.

A number of other large investors have also added to or reduced their stakes in the business. Globeflex Capital L P acquired a new stake in Douglas Dynamics during the 2nd quarter worth approximately $4,672,000. Quantbot Technologies LP acquired a new position in Douglas Dynamics in the 2nd quarter valued at approximately $599,000. Virtus Advisers LLC bought a new position in shares of Douglas Dynamics during the second quarter valued at $1,359,000. Great Lakes Advisors LLC bought a new position in shares of Douglas Dynamics during the second quarter valued at $739,000. Finally, Pzena Investment Management LLC acquired a new position in shares of Douglas Dynamics during the second quarter worth $74,703,000. Institutional investors own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PLOW shares. Zacks Research cut shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Robert W. Baird decreased 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. Finally, DA Davidson set a $57.00 price objective on Douglas Dynamics in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.67.

Douglas Dynamics Trading Down 0.1%

PLOW opened at $41.62 on Thursday. Douglas Dynamics, Inc. has a twelve month low of $28.52 and a twelve month high of $55.00. The company has a fifty day moving average of $45.47 and a 200-day moving average of $44.63. The stock has a market cap of $960.59 million, a PE ratio of 18.92, a price-to-earnings-growth ratio of 0.91 and a beta of 1.20. The company has a quick ratio of 1.03, a current ratio of 2.16 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $214.65 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts predict that Douglas Dynamics, Inc. will post 2.86 EPS for the current year.

Douglas Dynamics Announces Dividend

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

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.