Douglas Dynamics (NYSE:PLOW) Reaches New 12-Month High – What’s Next?

Shares of Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week high during trading on Thursday . The stock traded as high as $37.39 and last traded at $37.3790, with a volume of 19252 shares trading hands. The stock had previously closed at $36.95.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLOW. Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. DA Davidson reiterated a “buy” rating and set a $39.00 price objective on shares of Douglas Dynamics in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Douglas Dynamics Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01. The firm has a market capitalization of $855.71 million, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.25 and a beta of 1.26. The firm’s 50 day moving average price is $33.60 and its 200-day moving average price is $32.02.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, November 3rd. The auto parts company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.The company had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $163.27 million. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. On average, research analysts expect 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 was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 67.05%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC raised its holdings in shares of Douglas Dynamics by 0.4% during the second quarter. Pzena Investment Management LLC now owns 2,281,587 shares of the auto parts company’s stock valued at $67,238,000 after acquiring an additional 8,584 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Douglas Dynamics during the second quarter worth approximately $3,080,000. SG Americas Securities LLC acquired a new position in Douglas Dynamics in the 3rd quarter valued at $1,013,000. Ellsworth Advisors LLC purchased a new position in Douglas Dynamics in the 3rd quarter valued at $738,000. Finally, Prudential Financial Inc. purchased a new position in Douglas Dynamics in the 2nd quarter valued at $3,532,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

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.