Douglas Dynamics (NYSE:PLOW) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Douglas Dynamics (NYSE:PLOW) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks reports.

Several other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. DA Davidson set a $57.00 price objective on shares of Douglas Dynamics in a research report on Tuesday, August 4th. Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Robert W. Baird cut their target price on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

Douglas Dynamics Price Performance

Douglas Dynamics stock opened at $41.27 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.16 and a quick ratio of 1.03. The business has a 50 day simple moving average of $44.40 and a 200-day simple moving average of $44.64. Douglas Dynamics has a 12 month low of $28.52 and a 12 month high of $55.00. The stock has a market capitalization of $952.51 million, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $214.65 million for the quarter, compared to analyst estimates of $219.45 million. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. Equities analysts predict that Douglas Dynamics will post 2.86 earnings per share for the current year.

Institutional Trading of Douglas Dynamics

A number of hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP boosted its holdings in shares of Douglas Dynamics by 114.9% in the 2nd quarter. Corient Private Wealth LP now owns 31,447 shares of the auto parts company’s stock valued at $1,697,000 after purchasing an additional 16,813 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Douglas Dynamics during the 2nd quarter worth approximately $254,000. California State Teachers Retirement System raised its holdings in Douglas Dynamics by 6,464.3% in the second quarter. California State Teachers Retirement System now owns 1,387,432 shares of the auto parts company’s stock valued at $74,852,000 after buying an additional 1,366,296 shares during the period. BTG Pactual Asset Management US LLC acquired a new position in Douglas Dynamics during the second quarter valued at approximately $392,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in Douglas Dynamics by 356.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 27,192 shares of the auto parts company’s stock worth $1,467,000 after buying an additional 21,239 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.

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.