Ellsworth Advisors LLC Acquires Shares of 23,928 Douglas Dynamics, Inc. $PLOW

Ellsworth Advisors LLC bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 23,928 shares of the auto parts company’s stock, valued at approximately $738,000.

A number of other institutional investors have also made changes to their positions in the company. CWM LLC raised its position in shares of Douglas Dynamics by 5.7% during the 3rd quarter. CWM LLC now owns 6,778 shares of the auto parts company’s stock valued at $212,000 after acquiring an additional 365 shares in the last quarter. Ranger Investment Management L.P. increased its stake in Douglas Dynamics by 58.2% during the second quarter. Ranger Investment Management L.P. now owns 278,704 shares of the auto parts company’s stock valued at $8,213,000 after purchasing an additional 102,544 shares during the last quarter. State of Wyoming raised its holdings in shares of Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 405 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Douglas Dynamics by 136.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock valued at $67,000 after buying an additional 1,303 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Douglas Dynamics in the 2nd quarter valued at about $1,586,000. 91.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLOW has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of Douglas Dynamics in a research report on Monday, December 8th. Finally, Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Douglas Dynamics Stock Performance

PLOW opened at $33.35 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $31.87 and its 200-day moving average is $31.19. The stock has a market cap of $768.31 million, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.28. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $34.41.

Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, November 3rd. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.The business had revenue of $162.12 million during the quarter, compared to analyst estimates of $163.27 million. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. On average, analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 16th. Douglas Dynamics’s payout ratio is currently 67.05%.

About Douglas Dynamics

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.