StockNews.com Downgrades Douglas Dynamics (NYSE:PLOW) to Hold

StockNews.com cut shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a report released on Thursday.

Separately, DA Davidson restated a buy rating and set a $31.00 price target on shares of Douglas Dynamics in a report on Tuesday, April 30th.

Douglas Dynamics Stock Down 1.2 %

NYSE:PLOW opened at $27.19 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04. The firm’s 50-day moving average price is $24.45 and its 200-day moving average price is $24.34. The company has a market capitalization of $627.82 million, a PE ratio of 23.24, a P/E/G ratio of 1.31 and a beta of 1.17. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $32.31.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. The business had revenue of $199.90 million for the quarter, compared to analysts’ expectations of $181.30 million. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. During the same quarter in the prior year, the company earned $1.00 earnings per share. On average, equities analysts predict that Douglas Dynamics will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a $0.295 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.34%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 100.86%.

Hedge Funds Weigh In On Douglas Dynamics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in Douglas Dynamics in the 4th quarter valued at approximately $50,000. Simplex Trading LLC bought a new position in shares of Douglas Dynamics during the 4th quarter valued at $57,000. CWM LLC lifted its holdings in shares of Douglas Dynamics by 20,250.0% during the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after buying an additional 2,835 shares during the period. Blue Trust Inc. bought a new position in shares of Douglas Dynamics during the 2nd quarter valued at $100,000. Finally, SG Americas Securities LLC bought a new position in shares of Douglas Dynamics during the 2nd quarter valued at $117,000. 91.85% of the stock is owned by institutional investors.

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.