Man Group plc Takes $7.79 Million Position in Douglas Dynamics, Inc. $PLOW

Man Group plc bought a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) in the second quarter, Holdings Channel reports. The institutional investor bought 144,399 shares of the auto parts company’s stock, valued at approximately $7,790,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Topco LLC acquired a new stake in Douglas Dynamics during the second quarter worth $7,416,000. Hsbc Holdings PLC acquired a new position in shares of Douglas Dynamics in the 2nd quarter valued at $1,225,000. Legal & General Group Plc bought a new position in shares of Douglas Dynamics during the 2nd quarter worth about $1,052,000. The Manufacturers Life Insurance Company bought a new position in shares of Douglas Dynamics during the 2nd quarter worth about $338,000. Finally, Mcmorgan & Co. LLC acquired a new stake in shares of Douglas Dynamics during the 2nd quarter valued at about $327,000. 91.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLOW has been the subject of several recent research reports. Wall Street Zen lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. DA Davidson set a $57.00 price objective on Douglas Dynamics in a research note on Tuesday, August 4th. Freedom Capital raised Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Zacks Research downgraded Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Moderate Buy” and an average target price of $51.67.

Douglas Dynamics Trading Down 1.1%

PLOW stock opened at $41.70 on Friday. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. Douglas Dynamics, Inc. has a twelve month low of $28.52 and a twelve month high of $55.00. The company has a market cap of $962.44 million, a P/E ratio of 18.95, a PEG ratio of 0.92 and a beta of 1.20. The business has a fifty day moving average of $45.17 and a 200-day moving average of $44.62.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $214.65 million for the quarter, compared to analysts’ expectations of $219.45 million. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%.Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. As a group, equities research analysts expect that Douglas Dynamics, Inc. will post 2.86 EPS for the current year.

Douglas Dynamics Dividend Announcement

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

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.