Douglas Dynamics (NYSE:PLOW) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Douglas Dynamics (NYSE:PLOW) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Several other research analysts have also commented on PLOW. DA Davidson set a $57.00 price target on Douglas Dynamics in a report on Tuesday, August 4th. Robert W. Baird dropped their price objective on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Zacks Research upgraded shares of Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. Finally, Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $51.67.

Douglas Dynamics Price Performance

NYSE:PLOW opened at $36.31 on Friday. Douglas Dynamics has a one year low of $29.41 and a one year high of $55.00. The stock has a market cap of $838.13 million, a PE ratio of 13.16, a P/E/G ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.03 and a current ratio of 1.97. The stock has a 50 day moving average price of $39.82 and a 200 day moving average price of $42.99.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, November 2nd. The auto parts company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The company had revenue of $218.01 million for the quarter, compared to analyst estimates of $218.60 million. Douglas Dynamics had a return on equity of 22.97% and a net margin of 8.71%. Equities research analysts expect that Douglas Dynamics will post 2.83 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.2950 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.18 dividend on an annualized basis and a yield of 3.2%. Douglas Dynamics’s dividend payout ratio is presently 42.75%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Douglas Dynamics in the 2nd quarter worth approximately $109,009,000. Pzena Investment Management LLC acquired a new stake in Douglas Dynamics in the 2nd quarter valued at approximately $74,703,000. Allspring Global Investments Holdings LLC increased its holdings in Douglas Dynamics by 2.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,582,621 shares of the auto parts company’s stock valued at $62,830,000 after purchasing an additional 44,905 shares during the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in Douglas Dynamics in the second quarter valued at approximately $35,570,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Douglas Dynamics by 128.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock valued at $22,673,000 after purchasing an additional 303,077 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

About Douglas Dynamics

Douglas Dynamics, Inc is a manufacturer of equipment used for snow and ice management. The company’s products are designed for commercial, municipal and residential applications and include snowplows, spreaders, de-icing equipment and related attachments for light-, medium- and heavy-duty trucks.

Its portfolio includes products marketed under brands such as WESTERN, FISHER, BLIZZARD, SnowEx and Henderson. The company offers vehicle-mounted snow and ice control equipment, salt and material spreaders, liquid de-icing systems, truck bodies and other solutions intended to help contractors, municipalities and commercial operators clear roads, parking areas and other paved surfaces.

Founded in 1946, Douglas Dynamics is headquartered in Milwaukee, Wisconsin, and primarily serves customers in North America through equipment dealers, distributors and other commercial channels.