Craig Hallum set a $43.00 price objective on Douglas Dynamics (NYSE:PLOW) in a report released on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the auto parts company’s stock.
A number of other research firms also recently issued reports on PLOW. Zacks Investment Research downgraded Douglas Dynamics from a buy rating to a hold rating in a research report on Saturday, August 11th. ValuEngine downgraded Douglas Dynamics from a buy rating to a hold rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $45.33.
Shares of NYSE:PLOW traded down $1.52 during midday trading on Wednesday, reaching $38.11. The company’s stock had a trading volume of 136,455 shares, compared to its average volume of 158,950. The company has a market cap of $911.54 million, a P/E ratio of 28.02 and a beta of 1.04. The company has a quick ratio of 1.98, a current ratio of 2.47 and a debt-to-equity ratio of 1.00. Douglas Dynamics has a 1 year low of $36.20 and a 1 year high of $49.50.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, November 5th. The auto parts company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The business had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $125.37 million. Douglas Dynamics had a net margin of 12.49% and a return on equity of 15.64%. Douglas Dynamics’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. Sell-side analysts expect that Douglas Dynamics will post 2 earnings per share for the current fiscal year.
In other Douglas Dynamics news, Chairman James L. Janik sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $44.89, for a total transaction of $1,122,250.00. Following the transaction, the chairman now owns 239,030 shares in the company, valued at $10,730,056.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathon P. Sievert sold 1,200 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $43.30, for a total value of $51,960.00. Following the transaction, the insider now owns 9,884 shares in the company, valued at approximately $427,977.20. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of PLOW. Meeder Asset Management Inc. lifted its stake in shares of Douglas Dynamics by 429.6% in the third quarter. Meeder Asset Management Inc. now owns 3,808 shares of the auto parts company’s stock worth $167,000 after acquiring an additional 3,089 shares in the last quarter. BB&T Corp acquired a new position in shares of Douglas Dynamics in the third quarter worth about $207,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Douglas Dynamics in the third quarter worth about $214,000. Lido Advisors LLC acquired a new position in shares of Douglas Dynamics in the second quarter worth about $217,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Douglas Dynamics by 852.7% in the second quarter. Advisors Asset Management Inc. now owns 46,873 shares of the auto parts company’s stock worth $224,000 after acquiring an additional 41,953 shares in the last quarter. Institutional investors own 90.58% of the company’s stock.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.
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