Epoch Investment Partners Inc. Decreases Stake in Douglas Dynamics, Inc. $PLOW

Epoch Investment Partners Inc. decreased its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 40.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 28,269 shares of the auto parts company’s stock after selling 19,229 shares during the period. Epoch Investment Partners Inc.’s holdings in Douglas Dynamics were worth $657,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PLOW. Wells Fargo & Company MN increased its stake in shares of Douglas Dynamics by 27.1% during the 4th quarter. Wells Fargo & Company MN now owns 19,194 shares of the auto parts company’s stock worth $454,000 after purchasing an additional 4,097 shares during the last quarter. Barclays PLC increased its stake in shares of Douglas Dynamics by 15.0% during the 4th quarter. Barclays PLC now owns 62,227 shares of the auto parts company’s stock worth $1,470,000 after purchasing an additional 8,111 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Douglas Dynamics by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company’s stock worth $22,559,000 after purchasing an additional 44,063 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Douglas Dynamics by 31.8% during the 4th quarter. Hsbc Holdings PLC now owns 16,515 shares of the auto parts company’s stock worth $390,000 after purchasing an additional 3,982 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its stake in shares of Douglas Dynamics by 358.9% during the 4th quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company’s stock worth $184,000 after purchasing an additional 6,102 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLOW. DA Davidson raised their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Douglas Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Douglas Dynamics Stock Up 0.7%

PLOW opened at $33.89 on Thursday. The company has a 50 day moving average of $30.33 and a 200 day moving average of $27.23. The company has a market cap of $780.89 million, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.32. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $34.15. 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 released its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.84 by $0.30. The company had revenue of $194.33 million during the quarter, compared to the consensus estimate of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. Douglas Dynamics’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics’s payout ratio is 42.29%.

About Douglas Dynamics

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.