Douglas Dynamics (NYSE:PLOW) Posts Quarterly Earnings Results, Beats Estimates By $998.88 EPS

Douglas Dynamics (NYSE:PLOW) issued its earnings results on Monday. The auto parts company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $998.88, Zacks reports. Douglas Dynamics had a net margin of 7.15% and a return on equity of 17.83%.

Douglas Dynamics Trading Down 3.5%

NYSE:PLOW traded down $1.59 during trading hours on Monday, hitting $44.53. The company had a trading volume of 373,825 shares, compared to its average volume of 229,998. The company has a market capitalization of $1.03 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.24. The stock has a 50-day moving average price of $43.95 and a 200 day moving average price of $37.66. Douglas Dynamics has a 52 week low of $24.12 and a 52 week high of $48.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78 and a quick ratio of 1.17.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.295 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $1.18 annualized dividend and a yield of 2.7%. Douglas Dynamics’s payout ratio is 59.90%.

Insider Buying and Selling at Douglas Dynamics

In other Douglas Dynamics news, insider Jon J. Sisulak sold 977 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $42.61, for a total transaction of $41,629.97. Following the completion of the transaction, the insider owned 14,232 shares of the company’s stock, valued at approximately $606,425.52. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher E. Bernauer sold 869 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $42.61, for a total value of $37,028.09. Following the transaction, the insider directly owned 9,243 shares of the company’s stock, valued at $393,844.23. This represents a 8.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Douglas Dynamics

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLOW. Nuveen LLC lifted its position in Douglas Dynamics by 485.3% during the fourth quarter. Nuveen LLC now owns 349,929 shares of the auto parts company’s stock valued at $11,425,000 after buying an additional 290,144 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Douglas Dynamics during the second quarter valued at $4,651,000. Qube Research & Technologies Ltd purchased a new position in Douglas Dynamics during the third quarter valued at $3,244,000. Gumshoe Capital Management LLC purchased a new position in Douglas Dynamics during the fourth quarter valued at $2,547,000. Finally, Lazard Asset Management LLC purchased a new position in Douglas Dynamics during the fourth quarter valued at $2,184,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLOW shares. DA Davidson restated a “buy” rating and issued a $48.00 target price on shares of Douglas Dynamics in a report on Wednesday, February 25th. Loop Capital set a $48.00 target price on shares of Douglas Dynamics in a report on Tuesday, March 3rd. Robert W. Baird set a $50.00 target price on shares of Douglas Dynamics in a report on Wednesday, February 25th. Freedom Capital cut shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.67.

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.