Douglas Dynamics (NYSE:PLOW) Reaches New 12-Month High – Still a Buy?

Douglas Dynamics, Inc. (NYSE:PLOW)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $55.00 and last traded at $53.9350, with a volume of 214692 shares. The stock had previously closed at $54.20.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PLOW shares. Zacks Research upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Freedom Capital upgraded shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. DA Davidson upped their price target on shares of Douglas Dynamics from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Loop Capital set a $48.00 price target on shares of Douglas Dynamics in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Strong Buy” and an average price target of $54.67.

Douglas Dynamics Trading Down 0.5%

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.65 and a quick ratio of 0.77. The business has a 50-day simple moving average of $46.50 and a two-hundred day simple moving average of $42.13. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 1.12 and a beta of 1.21.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.The company had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. Equities analysts forecast that Douglas Dynamics, Inc. will post 2.69 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.18 annualized dividend and a yield of 2.2%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 53.15%.

Hedge Funds Weigh In On Douglas Dynamics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLOW. Empowered Funds LLC acquired a new position in shares of Douglas Dynamics in the first quarter valued at $220,000. Glenmede Trust Co. NA acquired a new stake in shares of Douglas Dynamics during the 1st quarter worth about $208,000. Bank of America Corp DE boosted its holdings in shares of Douglas Dynamics by 6.5% during the 1st quarter. Bank of America Corp DE now owns 289,552 shares of the auto parts company’s stock worth $12,187,000 after buying an additional 17,717 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Douglas Dynamics by 43.1% during the 1st quarter. Janus Henderson Group PLC now owns 113,791 shares of the auto parts company’s stock worth $4,790,000 after buying an additional 34,297 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Douglas Dynamics by 79.6% in the 1st quarter. Quantinno Capital Management LP now owns 41,148 shares of the auto parts company’s stock valued at $1,732,000 after buying an additional 18,235 shares during the last quarter. 91.85% of the stock is owned by institutional investors.

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.