Globeflex Capital L P Acquires Shares of 86,594 Douglas Dynamics, Inc. $PLOW

Globeflex Capital L P acquired a new position in Douglas Dynamics, Inc. (NYSE:PLOW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 86,594 shares of the auto parts company’s stock, valued at approximately $4,672,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PLOW. CIBC Private Wealth Group LLC increased its position in shares of Douglas Dynamics by 229.9% during the third quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company’s stock valued at $38,000 after buying an additional 839 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Douglas Dynamics by 136.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after buying an additional 1,303 shares during the period. State of Wyoming lifted its holdings in Douglas Dynamics by 20.0% in the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock worth $72,000 after buying an additional 405 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Douglas Dynamics by 18.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock worth $85,000 after buying an additional 400 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in Douglas Dynamics during the 4th quarter valued at approximately $91,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Trading Down 0.3%

Shares of NYSE PLOW opened at $42.04 on Monday. Douglas Dynamics, Inc. has a 1 year low of $28.52 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.16 and a quick ratio of 1.03. The firm has a 50-day moving average of $45.82 and a 200 day moving average of $44.57. The stock has a market cap of $970.28 million, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, topping 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. As a group, sell-side analysts expect that Douglas Dynamics, Inc. will post 2.86 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s payout ratio is currently 53.64%.

Analysts Set New Price Targets

A number of research analysts have weighed in on PLOW shares. DA Davidson set a $57.00 target price on Douglas Dynamics in a report on Tuesday, August 4th. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Wall Street Zen lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research cut Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird decreased their price objective on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, Douglas Dynamics has an average rating of “Moderate Buy” and an average price target of $51.67.

Douglas Dynamics 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.