Douglas Dynamics (NYSE:PLOW) Stock Rating Upgraded by Zacks Investment Research

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Zacks Investment Research upgraded shares of Douglas Dynamics (NYSE:PLOW) from a strong sell rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Douglas Dynamics, Inc. designs, manufactures and sells snow and ice control equipment for light trucks, which is comprised of snowplows and sand and salt spreaders, and related parts and accessories. The Company sells its products under the WESTERN(R), FISHER(R) and BLIZZARD(R) brands through a distributor network, primarily consisting of truck equipment distributors located throughout the Midwest, East and Northeast regions of the United States as well as all provinces of Canada. It sells its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial, municipal and residential areas. Douglas Dynamics, Inc. is headquartered in Milwaukee, Wisconsin. “

Separately, TheStreet lowered shares of Stitch Fix from a c- rating to a d+ rating in a research note on Monday, May 6th.

NYSE:PLOW opened at $40.12 on Wednesday. The firm has a market capitalization of $898.82 million, a price-to-earnings ratio of 21.23 and a beta of 0.68. Douglas Dynamics has a 1-year low of $33.54 and a 1-year high of $49.40. The business has a fifty day simple moving average of $38.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 0.95.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, May 6th. The auto parts company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.10. The firm had revenue of $93.20 million for the quarter, compared to analyst estimates of $84.37 million. Douglas Dynamics had a net margin of 8.53% and a return on equity of 16.34%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Equities research analysts forecast that Douglas Dynamics will post 1.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were paid a $0.273 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.72%. Douglas Dynamics’s payout ratio is currently 57.67%.

Several large investors have recently added to or reduced their stakes in PLOW. Rhumbline Advisers grew its position in Douglas Dynamics by 51.6% in the 4th quarter. Rhumbline Advisers now owns 29,311 shares of the auto parts company’s stock worth $1,052,000 after purchasing an additional 9,974 shares during the period. BlackRock Inc. boosted its stake in shares of Douglas Dynamics by 5.9% during the 4th quarter. BlackRock Inc. now owns 1,660,745 shares of the auto parts company’s stock worth $59,604,000 after acquiring an additional 92,489 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Douglas Dynamics during the 4th quarter worth $16,629,000. Geode Capital Management LLC boosted its stake in shares of Douglas Dynamics by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 239,055 shares of the auto parts company’s stock worth $8,579,000 after acquiring an additional 18,322 shares during the last quarter. Finally, Cannell Capital LLC purchased a new position in shares of Douglas Dynamics during the 4th quarter worth $1,851,000. Hedge funds and other institutional investors own 89.63% of the company’s stock.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter 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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