Douglas Dynamics, Inc. (PLOW) Rating Lowered to Buy at BidaskClub
BidaskClub downgraded shares of Douglas Dynamics, Inc. (NYSE:PLOW) from a strong-buy rating to a buy rating in a report published on Friday.
Separately, Zacks Investment Research raised Douglas Dynamics from a hold rating to a buy rating and set a $38.00 target price on the stock in a research report on Saturday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Douglas Dynamics presently has a consensus rating of Buy and a consensus price target of $40.00.
Shares of Douglas Dynamics (NYSE PLOW) opened at $39.80 on Friday. The stock has a market capitalization of $899.12, a PE ratio of 29.70 and a beta of 1.16. Douglas Dynamics has a 1 year low of $28.55 and a 1 year high of $42.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. sell-side analysts predict that Douglas Dynamics will post 1.45 EPS for the current year.
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In related news, Chairman James L. Janik sold 20,000 shares of Douglas Dynamics stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total transaction of $700,600.00. Following the sale, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sarah C. Lauber bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $36.04 per share, for a total transaction of $45,050.00. Following the completion of the transaction, the chief financial officer now owns 1,250 shares of the company’s stock, valued at $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in PLOW. Conestoga Capital Advisors LLC bought a new position in Douglas Dynamics during the third quarter worth about $22,356,000. Westwood Holdings Group Inc. lifted its stake in Douglas Dynamics by 336.5% during the second quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock worth $20,749,000 after purchasing an additional 486,195 shares during the period. Uniplan Investment Counsel Inc. lifted its stake in Douglas Dynamics by 148.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 565,102 shares of the auto parts company’s stock worth $18,591,000 after purchasing an additional 337,722 shares during the period. RK Capital Management LLC bought a new position in Douglas Dynamics during the second quarter worth about $9,344,000. Finally, William Blair Investment Management LLC lifted its stake in Douglas Dynamics by 75.7% during the second quarter. William Blair Investment Management LLC now owns 347,427 shares of the auto parts company’s stock worth $11,430,000 after purchasing an additional 149,711 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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