Globeflex Capital L P Buys New Shares in Douglas Dynamics, Inc. $PLOW

Globeflex Capital L P bought a new position in Douglas Dynamics, Inc. (NYSE:PLOW) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 86,594 shares of the auto parts company’s stock, valued at approximately $4,672,000. Globeflex Capital L P owned 0.38% of Douglas Dynamics as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Douglas Dynamics during the second quarter valued at about $109,009,000. Vanguard Group Inc. grew its stake in shares of Douglas Dynamics by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,478,522 shares of the auto parts company’s stock valued at $48,274,000 after buying an additional 5,465 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Douglas Dynamics in the second quarter worth about $74,703,000. State Street Corp increased its holdings in shares of Douglas Dynamics by 0.4% in the fourth quarter. State Street Corp now owns 629,795 shares of the auto parts company’s stock worth $20,563,000 after buying an additional 2,804 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its stake in shares of Douglas Dynamics by 1.2% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 621,845 shares of the auto parts company’s stock valued at $26,173,000 after acquiring an additional 7,139 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

PLOW stock opened at $42.04 on Monday. The stock has a market capitalization of $970.28 million, a price-to-earnings ratio of 19.11, a PEG ratio of 0.92 and a beta of 1.20. The firm’s 50-day moving average price is $45.82 and its two-hundred day moving average price is $44.57. The company has a current ratio of 2.16, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44. Douglas Dynamics, Inc. has a 12-month low of $28.52 and a 12-month high of $55.00.

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 analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $214.65 million during 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 analysts predict that Douglas Dynamics, Inc. will post 2.86 earnings per share for the current 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 issued a $0.295 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.18 annualized dividend and a yield of 2.8%. Douglas Dynamics’s dividend payout ratio (DPR) is 53.64%.

Wall Street Analysts Forecast Growth

PLOW has been the subject of several analyst reports. DA Davidson set a $57.00 target price on Douglas Dynamics in a report on Tuesday, August 4th. Wall Street Zen cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Zacks Research lowered Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note 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 investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

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.