Douglas Dynamics, Inc. (NYSE:PLOW) Short Interest Update

Douglas Dynamics, Inc. (NYSE:PLOW) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 447,952 shares, an increase of 23.8% from the January 15th total of 361,941 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average trading volume of 208,571 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 208,571 shares, the short-interest ratio is presently 2.1 days. Currently, 2.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL bought a new stake in Douglas Dynamics during the second quarter worth approximately $3,080,000. SG Americas Securities LLC bought a new stake in shares of Douglas Dynamics during the 3rd quarter worth $1,013,000. Segall Bryant & Hamill LLC acquired a new position in Douglas Dynamics in the 2nd quarter valued at $2,640,000. Y Intercept Hong Kong Ltd acquired a new position in Douglas Dynamics in the 3rd quarter valued at $864,000. Finally, Ellsworth Advisors LLC bought a new position in Douglas Dynamics in the 3rd quarter worth $738,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

PLOW stock opened at $42.55 on Wednesday. Douglas Dynamics has a one year low of $21.30 and a one year high of $42.69. The firm has a 50-day moving average of $36.39 and a two-hundred day moving average of $33.30. The company has a current ratio of 2.01, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $980.40 million, a PE ratio of 24.18, a P/E/G ratio of 1.41 and a beta of 1.26.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were given 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 of this dividend was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is 67.05%.

Wall Street Analysts Forecast Growth

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

About Douglas Dynamics

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.