Douglas Dynamics (NYSE:PLOW) Downgraded to Strong Sell Rating by Zacks Research

Douglas Dynamics (NYSE:PLOW) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on PLOW. Wall Street Zen downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. DA Davidson set a $57.00 price objective on shares of Douglas Dynamics in a research note on Tuesday. Freedom Capital raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Robert W. Baird cut their target price on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Weiss Ratings downgraded Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.67.

Douglas Dynamics Stock Performance

Douglas Dynamics stock opened at $45.62 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.16 and a quick ratio of 0.77. The stock has a fifty day moving average price of $46.51 and a two-hundred day moving average price of $44.14. Douglas Dynamics has a 52-week low of $28.52 and a 52-week high of $55.00. The firm has a market capitalization of $1.05 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.06 and a beta of 1.20.

Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%.The company had revenue of $214.65 million during the quarter, compared to analysts’ expectations of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. As a group, analysts anticipate that Douglas Dynamics will post 2.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC increased its holdings in Douglas Dynamics by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 24,242 shares of the auto parts company’s stock valued at $1,020,000 after purchasing an additional 272 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Douglas Dynamics by 18.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock worth $85,000 after buying an additional 400 shares during the last quarter. State of Wyoming boosted its holdings in Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock worth $72,000 after buying an additional 405 shares during the last quarter. Comerica Bank grew its position in shares of Douglas Dynamics by 2.6% during the 4th quarter. Comerica Bank now owns 15,996 shares of the auto parts company’s stock worth $522,000 after buying an additional 407 shares during the period. Finally, Aquatic Capital Management LLC grew its position in shares of Douglas Dynamics by 6.7% during the 3rd quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company’s stock worth $224,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

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.