Prudential Financial Inc. Acquires New Shares in Douglas Dynamics, Inc. $PLOW

Prudential Financial Inc. bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the 2nd quarter, Holdings Channel.com reports. The firm bought 119,854 shares of the auto parts company’s stock, valued at approximately $3,532,000.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Douglas Dynamics in the first quarter worth about $53,000. New York State Teachers Retirement System bought a new position in shares of Douglas Dynamics in the 2nd quarter valued at approximately $61,000. CWM LLC raised its stake in shares of Douglas Dynamics by 18.8% in the 2nd quarter. CWM LLC now owns 6,413 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 1,013 shares in the last quarter. R Squared Ltd acquired a new stake in Douglas Dynamics in the 2nd quarter worth approximately $216,000. Finally, Ieq Capital LLC bought a new stake in Douglas Dynamics during the first quarter worth approximately $220,000. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Trading Down 0.4%

Shares of Douglas Dynamics stock opened at $31.84 on Wednesday. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $34.25. The company’s fifty day simple moving average is $31.00 and its 200-day simple moving average is $30.54. The company has a market cap of $733.51 million, a price-to-earnings ratio of 11.41, a PEG ratio of 1.13 and a beta of 1.28. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51.

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

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.18 dividend on an annualized basis and a yield of 3.7%. Douglas Dynamics’s dividend payout ratio (DPR) is 67.05%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLOW shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday. Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, DA Davidson set a $39.00 target price on shares of Douglas Dynamics in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.