Douglas Dynamics (NYSE:PLOW) Hits New 12-Month High – Here’s Why

Shares of Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.42 and last traded at $52.6350, with a volume of 229429 shares. The stock had previously closed at $50.31.

Analyst Ratings Changes

Several research firms have recently commented on PLOW. Loop Capital set a $48.00 target price on Douglas Dynamics in a research note on Tuesday, March 3rd. Freedom Capital raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Robert W. Baird set a $56.00 price target on shares of Douglas Dynamics in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average price target of $54.67.

Douglas Dynamics Price Performance

The stock has a market capitalization of $1.22 billion, a P/E ratio of 23.71, a PEG ratio of 1.02 and a beta of 1.21. The company has a 50 day moving average of $45.86 and a 200-day moving average of $41.52. The company has a quick ratio of 0.77, a current ratio of 2.65 and a debt-to-equity ratio of 0.48.

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

Douglas Dynamics Dividend Announcement

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

Hedge Funds Weigh In On Douglas Dynamics

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new stake in shares of Douglas Dynamics during the 1st quarter worth approximately $220,000. Glenmede Trust Co. NA acquired a new position in Douglas Dynamics during the 1st quarter valued at approximately $208,000. Bank of America Corp DE grew its stake in 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 last quarter. Janus Henderson Group PLC grew its stake in 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 last quarter. Finally, Quantinno Capital Management LP increased its position in Douglas Dynamics by 79.6% in the first quarter. Quantinno Capital Management LP now owns 41,148 shares of the auto parts company’s stock worth $1,732,000 after buying an additional 18,235 shares during the period. 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.