Hsbc Holdings PLC Makes New Investment in Douglas Dynamics, Inc. $PLOW

Hsbc Holdings PLC acquired a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,908 shares of the auto parts company’s stock, valued at approximately $1,225,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its position in Douglas Dynamics by 229.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company’s stock worth $38,000 after buying an additional 839 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Douglas Dynamics by 136.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after buying an additional 1,303 shares during the last quarter. State of Wyoming boosted its position in shares of Douglas Dynamics by 20.0% in the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 405 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Douglas Dynamics by 18.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock valued at $85,000 after acquiring an additional 400 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Douglas Dynamics in the fourth quarter valued at approximately $91,000. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Down 1.7%

Shares of NYSE PLOW opened at $41.11 on Tuesday. Douglas Dynamics, Inc. has a 52-week low of $28.52 and a 52-week high of $55.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16. The business has a fifty day moving average of $44.99 and a two-hundred day moving average of $44.65. The stock has a market cap of $948.82 million, a PE ratio of 18.69, a PEG ratio of 0.91 and a beta of 1.20.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. The business had revenue of $214.65 million for the quarter, compared to analyst estimates of $219.45 million. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. 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 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is currently 53.64%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Robert W. Baird cut their target price on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. DA Davidson set a $57.00 price target on shares of Douglas Dynamics in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Douglas Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

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.