Nicholas Wealth LLC. Has $1.19 Million Stock Holdings in Douglas Dynamics, Inc. $PLOW

Nicholas Wealth LLC. boosted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 22.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,452 shares of the auto parts company’s stock after purchasing an additional 7,344 shares during the period. Nicholas Wealth LLC.’s holdings in Douglas Dynamics were worth $1,192,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC lifted its position 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 buying an additional 8,584 shares during the period. Vanguard Group Inc. boosted its stake in shares of Douglas Dynamics by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company’s stock valued at $30,615,000 after purchasing an additional 26,118 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Douglas Dynamics by 0.5% in 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 in the last quarter. Invenomic Capital Management LP grew its holdings in shares of Douglas Dynamics by 60.5% in the 1st 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 last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Douglas Dynamics by 48.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 379,660 shares of the auto parts company’s stock worth $8,820,000 after purchasing an additional 123,580 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $29.64 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $31.19 and a 200 day simple moving average of $30.25. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.25. The firm has a market cap of $683.00 million, a P/E ratio of 10.62, a P/E/G ratio of 1.13 and a beta of 1.30.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $162.12 million for the quarter, compared to analyst estimates of $163.27 million. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. Sell-side analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.18 dividend on an annualized basis and a yield of 4.0%. Douglas Dynamics’s dividend payout ratio is presently 67.05%.

Analyst Ratings Changes

Several analysts have weighed in on PLOW shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Thursday, November 13th. Wall Street Zen raised Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, DA Davidson set a $39.00 price objective on Douglas Dynamics in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Douglas Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.