Douglas Dynamics, Inc. $PLOW Shares Bought by Kings Path Partners LLC

Kings Path Partners LLC increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 47.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,031 shares of the auto parts company’s stock after purchasing an additional 5,146 shares during the period. Kings Path Partners LLC owned 0.07% of Douglas Dynamics worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PLOW. Quarry LP acquired a new stake in Douglas Dynamics in the 1st quarter worth approximately $53,000. CWM LLC boosted its stake in Douglas Dynamics by 24.2% in the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company’s stock worth $125,000 after purchasing an additional 1,052 shares in the last quarter. State of Wyoming acquired a new stake in Douglas Dynamics in the 4th quarter worth approximately $153,000. Ieq Capital LLC acquired a new stake in Douglas Dynamics in the 1st quarter worth approximately $220,000. Finally, New York State Common Retirement Fund boosted its stake in Douglas Dynamics by 10.1% in the 1st quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company’s stock worth $237,000 after purchasing an additional 938 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW opened at $32.59 on Friday. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $34.25. The company has a 50 day simple moving average of $31.21 and a two-hundred day simple moving average of $27.84. The stock has a market cap of $750.97 million, a price-to-earnings ratio of 11.68, a PEG ratio of 1.19 and a beta of 1.33.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.84 by $0.30. The business had revenue of $194.33 million during the quarter, compared to analysts’ expectations of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Douglas Dynamics’s payout ratio is 42.29%.

Analyst Upgrades and Downgrades

PLOW has been the subject of a number of recent analyst reports. DA Davidson lifted their target price on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.