Short Interest in Douglas Dynamics, Inc. (NYSE:PLOW) Grows By 23.8%

Douglas Dynamics, Inc. (NYSE:PLOW) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 447,952 shares, an increase of 23.8% from the January 15th total of 361,941 shares. Based on an average daily trading volume, of 208,571 shares, the short-interest ratio is currently 2.1 days. Currently, 2.0% of the company’s stock are short sold. Currently, 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 208,571 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

A number of research firms have commented on PLOW. Weiss Ratings restated a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday, December 29th. Wall Street Zen downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $39.00 price objective on shares of Douglas Dynamics in a research note on Monday, December 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Douglas Dynamics Stock Performance

Shares of PLOW stock opened at $42.08 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.09. The company’s fifty day moving average price is $36.56 and its two-hundred day moving average price is $33.36. The firm has a market capitalization of $969.57 million, a P/E ratio of 23.91, a P/E/G ratio of 1.42 and a beta of 1.26. Douglas Dynamics has a 12 month low of $21.30 and a 12 month high of $42.69.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 67.05%.

Hedge Funds Weigh In On Douglas Dynamics

A number of hedge funds have recently modified their holdings of PLOW. EP Wealth Advisors LLC bought a new position in shares of Douglas Dynamics in the fourth quarter worth about $329,000. NewEdge Advisors LLC acquired a new stake in Douglas Dynamics in the 4th quarter valued at approximately $205,000. nVerses Capital LLC bought a new position in Douglas Dynamics in the 4th quarter worth approximately $296,000. Tudor Investment Corp ET AL lifted its holdings in shares of Douglas Dynamics by 3.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 119,363 shares of the auto parts company’s stock worth $3,897,000 after buying an additional 3,662 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in shares of Douglas Dynamics in the fourth quarter valued at approximately $320,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

About Douglas Dynamics

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.