Douglas Dynamics (NYSE:PLOW) Raised to Buy at StockNews.com

Douglas Dynamics (NYSE:PLOW) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Separately, Robert W. Baird lowered their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Douglas Dynamics Stock Performance

NYSE:PLOW opened at $24.03 on Tuesday. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $30.98. The company has a market cap of $554.95 million, a P/E ratio of 10.45, a P/E/G ratio of 1.40 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $24.72 and its 200-day moving average price is $25.63.

Hedge Funds Weigh In On Douglas Dynamics

A number of institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Douglas Dynamics by 109.6% in the 3rd quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company’s stock valued at $1,839,000 after buying an additional 34,873 shares during the period. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Douglas Dynamics during the 2nd quarter valued at approximately $486,000. Barclays PLC lifted its holdings in Douglas Dynamics by 132.0% in the third quarter. Barclays PLC now owns 54,116 shares of the auto parts company’s stock valued at $1,494,000 after acquiring an additional 30,795 shares during the last quarter. BluePath Capital Management LLC purchased a new position in Douglas Dynamics in the third quarter worth approximately $604,000. Finally, Versor Investments LP acquired a new stake in Douglas Dynamics during the third quarter worth $535,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Company Profile

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.