Royal Bank of Canada Decreases Stake in Douglas Dynamics, Inc. $PLOW

Royal Bank of Canada cut its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 38.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 24,598 shares of the auto parts company’s stock after selling 15,277 shares during the period. Royal Bank of Canada’s holdings in Douglas Dynamics were worth $1,035,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Douglas Dynamics by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock worth $2,636,000 after acquiring an additional 10,535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Douglas Dynamics by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock valued at $314,000 after acquiring an additional 546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Douglas Dynamics by 11.2% in 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 valued at $1,777,000 after purchasing an additional 7,733 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Douglas Dynamics by 2.8% in the second quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock valued at $795,000 after purchasing an additional 725 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Douglas Dynamics in the second quarter worth $4,651,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Up 2.3%

Shares of PLOW opened at $42.04 on Friday. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $45.82 and a 200 day moving average of $44.53. The company has a market cap of $970.16 million, a PE ratio of 19.11, a P/E/G ratio of 0.90 and a beta of 1.20. Douglas Dynamics, Inc. has a 52-week low of $28.52 and a 52-week high of $55.00.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. The business had revenue of $214.65 million for the quarter, compared to analysts’ expectations of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. On average, sell-side analysts expect that Douglas Dynamics, Inc. will post 2.86 EPS for the current year.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is presently 53.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Zacks Research cut shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. DA Davidson set a $57.00 target price on shares of Douglas Dynamics in a report on Tuesday, August 4th. Freedom Capital upgraded shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Robert W. Baird decreased their target price on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

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.