Brokers Issue Forecasts for Douglas Dynamics, Inc.’s Q4 2024 Earnings (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW) – Investment analysts at Sidoti Csr lowered their Q4 2024 earnings per share estimates for shares of Douglas Dynamics in a research report issued to clients and investors on Tuesday, July 30th. Sidoti Csr analyst G. Burns now expects that the auto parts company will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.60. The consensus estimate for Douglas Dynamics’ current full-year earnings is $1.30 per share.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. Douglas Dynamics had a return on equity of 13.49% and a net margin of 5.03%. The business had revenue of $199.90 million for the quarter, compared to analysts’ expectations of $181.30 million. During the same period in the previous year, the firm posted $1.00 EPS.

A number of other brokerages also recently weighed in on PLOW. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Douglas Dynamics in a report on Tuesday, April 30th. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Robert W. Baird reiterated a “neutral” rating and set a $25.00 price target (down previously from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.

Douglas Dynamics Stock Performance

Shares of PLOW stock opened at $27.80 on Thursday. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $33.19. The company has a current ratio of 2.06, a quick ratio of 0.60 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $641.90 million, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.59 and a beta of 1.17. The stock’s fifty day simple moving average is $24.19 and its 200-day simple moving average is $24.35.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.18 dividend on an annualized basis and a yield of 4.24%. Douglas Dynamics’s payout ratio is 100.86%.

Institutional Trading of Douglas Dynamics

A number of institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC acquired a new stake in shares of Douglas Dynamics in the second quarter worth about $32,804,000. Conestoga Capital Advisors LLC lifted its position in shares of Douglas Dynamics by 16.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock worth $65,056,000 after buying an additional 311,799 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Douglas Dynamics in the first quarter worth about $7,055,000. Invenomic Capital Management LP acquired a new stake in shares of Douglas Dynamics in the first quarter worth about $3,031,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Douglas Dynamics by 278.2% in the second quarter. Harbor Capital Advisors Inc. now owns 141,959 shares of the auto parts company’s stock worth $3,322,000 after buying an additional 104,421 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.