Shares of Douglas Dynamics, Inc. (NYSE:PLOW – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $39.87, but opened at $37.85. Douglas Dynamics shares last traded at $37.8170, with a volume of 13,703 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on PLOW shares. Wall Street Zen downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Zacks Research upgraded Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 2nd. DA Davidson set a $57.00 target price on Douglas Dynamics in a report on Tuesday, August 4th. Finally, Robert W. Baird decreased their target price on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Douglas Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.
View Our Latest Stock Report on Douglas Dynamics
Douglas Dynamics Stock Performance
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 moving average of $40.20 and a two-hundred day moving average of $42.98. The company has a market cap of $879.93 million, a P/E ratio of 17.33, a P/E/G ratio of 0.87 and a beta of 1.14.
Douglas Dynamics (NYSE:PLOW – Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The auto parts company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. The firm had revenue of $218.01 million during the quarter, compared to the consensus estimate of $218.60 million. On average, sell-side analysts predict that Douglas Dynamics, Inc. will post 2.86 EPS for the current fiscal year.
Douglas Dynamics Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.2950 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Douglas Dynamics’s dividend payout ratio is 53.64%.
Institutional Trading of Douglas Dynamics
Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Douglas Dynamics during the 2nd quarter valued at $109,009,000. Pzena Investment Management LLC purchased a new position in Douglas Dynamics during the second quarter valued at approximately $74,703,000. Punch & Associates Investment Management Inc. purchased a new position in Douglas Dynamics in the second quarter worth about $35,570,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Douglas Dynamics by 128.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock worth $22,673,000 after buying an additional 303,077 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Douglas Dynamics in the second quarter valued at approximately $13,297,000. Institutional investors and hedge funds own 91.85% of the company’s stock.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer of equipment used for snow and ice management. The company’s products are designed for commercial, municipal and residential applications and include snowplows, spreaders, de-icing equipment and related attachments for light-, medium- and heavy-duty trucks.
Its portfolio includes products marketed under brands such as WESTERN, FISHER, BLIZZARD, SnowEx and Henderson. The company offers vehicle-mounted snow and ice control equipment, salt and material spreaders, liquid de-icing systems, truck bodies and other solutions intended to help contractors, municipalities and commercial operators clear roads, parking areas and other paved surfaces.
Founded in 1946, Douglas Dynamics is headquartered in Milwaukee, Wisconsin, and primarily serves customers in North America through equipment dealers, distributors and other commercial channels.
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