Douglas Dynamics (NYSE:PLOW) Hits New 12-Month Low at $21.52

Douglas Dynamics, Inc. (NYSE:PLOW)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $21.52 and last traded at $21.76, with a volume of 83727 shares. The stock had previously closed at $21.90.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price objective (down from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Stock Performance

The firm has a market capitalization of $502.80 million, a P/E ratio of 22.68, a P/E/G ratio of 1.06 and a beta of 1.14. The stock has a fifty day simple moving average of $24.05 and a two-hundred day simple moving average of $26.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.21 and a quick ratio of 1.01.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. The business had revenue of $134.25 million during the quarter, compared to the consensus estimate of $134.00 million. Douglas Dynamics had a return on equity of 10.18% and a net margin of 4.18%. On average, research analysts predict that Douglas Dynamics, Inc. will post 1.46 EPS for the current year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.18 annualized dividend and a dividend yield of 5.39%. Douglas Dynamics’s dividend payout ratio is 122.92%.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Douglas Dynamics by 1.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,371,391 shares of the auto parts company’s stock valued at $70,383,000 after acquiring an additional 26,423 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in Douglas Dynamics by 16.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock worth $65,056,000 after buying an additional 311,799 shares in the last quarter. BlackRock Inc. grew its holdings in Douglas Dynamics by 4.3% during the second quarter. BlackRock Inc. now owns 1,526,572 shares of the auto parts company’s stock worth $45,614,000 after buying an additional 63,188 shares in the last quarter. Vanguard Group Inc. grew its holdings in Douglas Dynamics by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 1,353,360 shares of the auto parts company’s stock worth $40,168,000 after buying an additional 49,225 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Douglas Dynamics by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 908,689 shares of the auto parts company’s stock worth $31,432,000 after buying an additional 17,701 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through 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 trucks and heavy duty trucks, as well as various related parts and accessories.