Icon Advisers Inc. Co. Purchases New Shares in Douglas Dynamics, Inc. $PLOW

Icon Advisers Inc. Co. acquired a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the 1st quarter, HoldingsChannel reports. The firm acquired 207,100 shares of the auto parts company’s stock, valued at approximately $8,717,000. Douglas Dynamics comprises approximately 2.0% of Icon Advisers Inc. Co.’s portfolio, making the stock its 7th largest holding.

A number of other hedge funds have also recently bought and sold shares of PLOW. Vanguard Group Inc. grew its stake in shares of Douglas Dynamics by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,478,522 shares of the auto parts company’s stock worth $48,274,000 after acquiring an additional 5,465 shares in the last quarter. State Street Corp raised 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 valued at $20,563,000 after purchasing an additional 2,804 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Douglas Dynamics by 0.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 614,815 shares of the auto parts company’s stock valued at $19,219,000 after purchasing an additional 2,184 shares in the last quarter. Nuveen LLC lifted its position in shares of Douglas Dynamics by 485.3% during the fourth quarter. Nuveen LLC now owns 349,929 shares of the auto parts company’s stock valued at $11,425,000 after purchasing an additional 290,144 shares in the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Douglas Dynamics by 7.8% during the fourth quarter. Systematic Financial Management LP now owns 334,028 shares of the auto parts company’s stock worth $10,906,000 after purchasing an additional 24,055 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLOW has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Zacks Research cut shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings upgraded Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. DA Davidson upped their target price on Douglas Dynamics from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $56.00 target price on Douglas Dynamics in a report on Wednesday, May 6th. One 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $54.67.

Douglas Dynamics Price Performance

Shares of NYSE:PLOW opened at $46.46 on Thursday. The company has a market capitalization of $1.07 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.17. The company’s 50-day moving average is $46.49 and its 200 day moving average is $43.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 2.65. Douglas Dynamics, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $55.00.

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

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s payout ratio is 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.