FY2024 EPS Estimates for Douglas Dynamics Cut by Sidoti Csr

Douglas Dynamics, Inc. (NYSE:PLOW) – Analysts at Sidoti Csr cut their FY2024 EPS estimates for Douglas Dynamics in a note issued to investors on Tuesday, October 29th. Sidoti Csr analyst G. Burns now anticipates that the auto parts company will post earnings per share of $1.30 for the year, down from their previous forecast of $1.50. The consensus estimate for Douglas Dynamics’ current full-year earnings is $1.50 per share. Sidoti Csr also issued estimates for Douglas Dynamics’ Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at ($0.17) EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $1.64 EPS.

A number of other analysts have also recently weighed in on PLOW. Robert W. Baird reduced their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday.

Douglas Dynamics Stock Performance

PLOW stock opened at $22.98 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 2.14. The stock has a market cap of $530.61 million, a P/E ratio of 9.99, a P/E/G ratio of 1.10 and a beta of 1.18. The firm has a 50 day simple moving average of $26.81 and a 200 day simple moving average of $25.35. Douglas Dynamics has a 52 week low of $21.31 and a 52 week high of $31.39.

Institutional Investors Weigh In On Douglas Dynamics

Several institutional investors and hedge funds have recently bought and sold shares of PLOW. CWM LLC boosted its stake in shares of Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 2,835 shares in the last quarter. Blue Trust Inc. bought a new stake in Douglas Dynamics during the 2nd quarter worth approximately $100,000. SG Americas Securities LLC bought a new stake in Douglas Dynamics during the 2nd quarter worth approximately $117,000. Point72 Asset Management L.P. grew its stake in shares of Douglas Dynamics by 113.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 3,636 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Douglas Dynamics during the 1st quarter worth approximately $196,000. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

About Douglas Dynamics

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.