Royal Bank of Canada Sells 15,277 Shares of Douglas Dynamics, Inc. $PLOW

Royal Bank of Canada lessened its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 38.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 24,598 shares of the auto parts company’s stock after selling 15,277 shares during the period. Royal Bank of Canada owned 0.11% of Douglas Dynamics worth $1,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC raised its stake in shares of Douglas Dynamics by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 24,242 shares of the auto parts company’s stock worth $1,020,000 after buying an additional 272 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Douglas Dynamics by 18.1% during the 4th 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. State of Wyoming increased its holdings in Douglas Dynamics by 20.0% in the 2nd quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 405 shares in the last quarter. Comerica Bank increased its holdings in Douglas Dynamics by 2.6% in the 4th quarter. Comerica Bank now owns 15,996 shares of the auto parts company’s stock worth $522,000 after acquiring an additional 407 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its stake in Douglas Dynamics by 6.7% during the 3rd quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company’s stock worth $224,000 after acquiring an additional 449 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 shares of Douglas Dynamics in a research report on Tuesday, August 4th. Zacks Research downgraded shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Robert W. Baird lowered their target price on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Freedom Capital raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One 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 MarketBeat, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

Douglas Dynamics Trading Up 2.3%

PLOW stock opened at $42.04 on Friday. Douglas Dynamics, Inc. has a 1-year low of $28.52 and a 1-year high of $55.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.16 and a quick ratio of 1.03. The company has a market capitalization of $970.16 million, a price-to-earnings ratio of 19.11, a PEG ratio of 0.90 and a beta of 1.20. The business has a 50 day simple moving average of $45.82 and a two-hundred day simple moving average of $44.53.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data 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. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. The firm had revenue of $214.65 million for the quarter, compared to analysts’ expectations of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. Research analysts anticipate that Douglas Dynamics, Inc. will post 2.86 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 2.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 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.