Douglas Dynamics (NYSE:PLOW) Trading Down 6% – Here’s What Happened

Douglas Dynamics, Inc. (NYSE:PLOW) shares dropped 6% on Monday . The stock traded as low as $49.01 and last traded at $47.2640. 22,706 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 232,059 shares. The stock had previously closed at $50.27.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PLOW shares. DA Davidson upped their price target on shares of Douglas Dynamics from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Freedom Capital raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Robert W. Baird set a $56.00 target price on shares of Douglas Dynamics in a report on Wednesday, May 6th. Zacks Research upgraded shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings downgraded shares of Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Buy” and an average price target of $54.67.

Douglas Dynamics Stock Down 5.0%

The firm has a market cap of $1.10 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17. The company has a 50-day simple moving average of $46.83 and a 200-day simple moving average of $42.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.65 and a quick ratio of 0.77.

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

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is 53.15%.

Institutional Trading of Douglas Dynamics

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Douglas Dynamics by 28.3% in the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company’s stock worth $2,045,000 after purchasing an additional 19,447 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Douglas Dynamics by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock valued at $2,636,000 after buying an additional 10,535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Douglas Dynamics by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock valued at $314,000 after buying an additional 546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Douglas Dynamics by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company’s stock valued at $1,777,000 after buying an additional 7,733 shares during the period. Finally, Legal & General Group Plc grew its stake in Douglas Dynamics by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock worth $795,000 after acquiring an additional 725 shares in the last quarter. 91.85% of the stock is currently 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.