Douglas Dynamics (NYSE:PLOW) Stock Price Down 6% Following Analyst Downgrade

Douglas Dynamics, Inc. (NYSE:PLOWGet Free Report) was down 6% on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $49.01 and last traded at $47.2640. 22,706 shares traded hands during trading, a decline of 90% from the average session volume of 232,059 shares. The stock had previously closed at $50.27.

A number of other equities analysts have also weighed in on the company. Robert W. Baird set a $56.00 target price on Douglas Dynamics in a research note on Wednesday, May 6th. Weiss Ratings downgraded Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. DA Davidson increased their price objective on Douglas Dynamics from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Freedom Capital raised Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Douglas Dynamics presently has an average rating of “Moderate Buy” and an average target price of $54.67.

Check Out Our Latest Research Report on Douglas Dynamics

Institutional Trading of Douglas Dynamics

Several large investors have recently modified their holdings of PLOW. Arrowstreet Capital Limited Partnership raised its position in Douglas Dynamics by 128.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock valued at $22,673,000 after purchasing an additional 303,077 shares in the last quarter. Nuveen LLC lifted its stake in Douglas Dynamics by 485.3% during the fourth quarter. Nuveen LLC now owns 349,929 shares of the auto parts company’s stock worth $11,425,000 after purchasing an additional 290,144 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of Douglas Dynamics in the 1st quarter valued at $8,717,000. Tudor Investment Corp ET AL bought a new position in shares of Douglas Dynamics in the 3rd quarter valued at $3,617,000. Finally, Sei Investments Co. increased its stake in shares of Douglas Dynamics by 60.5% in the 1st quarter. Sei Investments Co. now owns 303,297 shares of the auto parts company’s stock valued at $12,766,000 after purchasing an additional 114,380 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 2.65. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 0.97 and a beta of 1.17. The business has a fifty day moving average price of $46.80 and a 200 day moving average price of $42.66.

Douglas Dynamics (NYSE:PLOWGet Free Report) last released its earnings results on Monday, May 4th. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. As a group, research analysts anticipate that Douglas Dynamics, Inc. will post 2.69 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.18 annualized dividend and a yield of 2.7%. Douglas Dynamics’s dividend payout ratio is presently 53.15%.

Douglas Dynamics Company Profile

(Get Free Report)

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.

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