Shares of Douglas Dynamics, Inc. (NYSE:PLOW – Get Free Report) dropped 9.9% during mid-day trading on Wednesday . The stock traded as low as $46.17 and last traded at $45.7180. Approximately 178,807 shares changed hands during trading, a decline of 24% from the average daily volume of 234,980 shares. The stock had previously closed at $50.74.
Analyst Ratings Changes
A number of research analysts recently weighed in on PLOW shares. Freedom Capital cut Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. DA Davidson reiterated a “buy” rating and issued a $48.00 target price on shares of Douglas Dynamics in a report on Wednesday, February 25th. Robert W. Baird set a $56.00 target price on Douglas Dynamics in a report on Wednesday. Zacks Research cut Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Loop Capital set a $48.00 target price on Douglas Dynamics in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.67.
Get Our Latest Research Report on Douglas Dynamics
Douglas Dynamics Stock Down 10.2%
Douglas Dynamics (NYSE:PLOW – Get Free Report) last issued its earnings results on Monday, May 4th. The auto parts company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. Douglas Dynamics had a return on equity of 19.76% and a net margin of 7.83%.The firm had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. As a group, analysts predict that Douglas Dynamics, Inc. will post 2.34 EPS for the current fiscal year.
Douglas Dynamics Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, March 17th. Douglas Dynamics’s payout ratio is currently 59.90%.
Insider Transactions at Douglas Dynamics
In other Douglas Dynamics news, insider Christopher E. Bernauer sold 869 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $42.61, for a total transaction of $37,028.09. Following the transaction, the insider owned 9,243 shares in the company, valued at $393,844.23. The trade was a 8.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon J. Sisulak sold 977 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $42.61, for a total value of $41,629.97. Following the transaction, the insider owned 14,232 shares in the company, valued at approximately $606,425.52. This represents a 6.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.54% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of PLOW. Royal Bank of Canada lifted its stake in shares of Douglas Dynamics by 28.3% during the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company’s stock worth $2,045,000 after purchasing an additional 19,447 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Douglas Dynamics by 10.2% during the first quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock worth $2,636,000 after purchasing an additional 10,535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Douglas Dynamics by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock worth $314,000 after purchasing an additional 546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Douglas Dynamics by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company’s stock worth $1,777,000 after purchasing an additional 7,733 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Douglas Dynamics by 2.8% during the second quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock worth $795,000 after purchasing an additional 725 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.
Douglas Dynamics Company 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.
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