Douglas Dynamics (NYSE:PLOW) Hits New 1-Year High – Time to Buy?

Shares of Douglas Dynamics, Inc. (NYSE:PLOW) hit a new 52-week high on Tuesday . The stock traded as high as $42.26 and last traded at $42.06, with a volume of 1672 shares. The stock had previously closed at $41.07.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLOW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday, December 29th. Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $39.00 price target on shares of Douglas Dynamics in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Douglas Dynamics has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Douglas Dynamics Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.09. The business has a fifty day moving average of $36.18 and a 200 day moving average of $33.19. The stock has a market cap of $973.56 million, a PE ratio of 24.00, a P/E/G ratio of 1.41 and a beta of 1.26.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is 67.05%.

Institutional Investors Weigh In On Douglas Dynamics

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in Douglas Dynamics by 229.9% in the third quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 839 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Douglas Dynamics in the 3rd quarter valued at about $39,000. EverSource Wealth Advisors LLC grew its position in shares of Douglas Dynamics by 85.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,266 shares of the auto parts company’s stock valued at $40,000 after buying an additional 583 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Douglas Dynamics during the second quarter worth about $61,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Douglas Dynamics by 136.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 1,303 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Company 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.