Allspring Global Investments Holdings LLC Sells 336,258 Shares of Douglas Dynamics, Inc. $PLOW

Allspring Global Investments Holdings LLC reduced its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 14.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,058,359 shares of the auto parts company’s stock after selling 336,258 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Douglas Dynamics worth $88,221,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PLOW. Bank of New York Mellon Corp grew its stake in shares of Douglas Dynamics by 5.0% during the 1st quarter. Bank of New York Mellon Corp now owns 243,457 shares of the auto parts company’s stock valued at $10,247,000 after acquiring an additional 11,600 shares during the period. Sanctuary Advisors LLC lifted its holdings in Douglas Dynamics by 27.6% during the first quarter. Sanctuary Advisors LLC now owns 26,278 shares of the auto parts company’s stock valued at $1,106,000 after purchasing an additional 5,689 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Douglas Dynamics by 39.9% during the first quarter. Hillsdale Investment Management Inc. now owns 195,190 shares of the auto parts company’s stock valued at $8,216,000 after purchasing an additional 55,690 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Douglas Dynamics in the first quarter worth approximately $527,000. Finally, Hsbc Holdings PLC boosted its position in shares of Douglas Dynamics by 53.6% in the first quarter. Hsbc Holdings PLC now owns 27,301 shares of the auto parts company’s stock worth $1,138,000 after purchasing an additional 9,530 shares during the period. Institutional investors own 91.85% of the company’s stock.

Analysts Set New Price Targets

PLOW has been the topic of a number of recent analyst reports. Wall Street Zen cut Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Zacks Research downgraded Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Robert W. Baird set a $56.00 price target on Douglas Dynamics in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Douglas Dynamics presently has a consensus rating of “Buy” and a consensus target price of $54.67.

Douglas Dynamics Trading Down 0.9%

Shares of PLOW stock opened at $44.53 on Friday. The company has a market cap of $1.03 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.17. Douglas Dynamics, Inc. has a 1 year low of $27.62 and a 1 year high of $55.00. The stock’s 50 day simple moving average is $46.43 and its two-hundred day simple moving average is $43.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.65 and a quick ratio of 0.77.

Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, May 4th. The auto parts company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. Research analysts predict that Douglas Dynamics, Inc. will post 2.62 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

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 2.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s payout ratio is presently 53.15%.

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.