Douglas Dynamics, Inc. (NYSE:PLOW) Plans $0.29 Quarterly Dividend

Douglas Dynamics, Inc. (NYSE:PLOW) announced a quarterly dividend on Friday, September 4th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.295 per share by the auto parts company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Douglas Dynamics has increased its dividend payment by an average of 0.0%annually over the last three years. Douglas Dynamics has a dividend payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Douglas Dynamics to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 39.9%.

Douglas Dynamics Stock Up 2.1%

PLOW stock opened at $42.16 on Friday. The stock has a market cap of $973.05 million, a P/E ratio of 19.16, a P/E/G ratio of 0.90 and a beta of 1.19. The company has a current ratio of 2.16, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $44.17 and its two-hundred day simple moving average is $44.62. Douglas Dynamics has a 1-year low of $28.52 and a 1-year high of $55.00.

Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm had revenue of $214.65 million during the quarter, compared to analyst estimates of $219.45 million. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%.Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. Analysts expect that Douglas Dynamics will post 2.86 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Robert W. Baird reduced their target price on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Capital raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, DA Davidson set a $57.00 price objective on Douglas Dynamics in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.67.

About Douglas Dynamics

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.