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

StockNews.com upgraded shares of Douglas Dynamics (NYSE:PLOW) from a hold rating to a buy rating in a research report released on Wednesday morning.

Douglas Dynamics Stock Up 0.4 %

Shares of PLOW opened at $25.66 on Wednesday. The firm has a market cap of $592.49 million, a P/E ratio of 21.75, a P/E/G ratio of 1.24 and a beta of 1.18. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $31.39. The stock has a 50 day simple moving average of $27.24 and a two-hundred day simple moving average of $25.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.48. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. The business had revenue of $199.90 million during the quarter, compared to the consensus estimate of $181.30 million. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, analysts forecast that Douglas Dynamics will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s dividend payout ratio is 100.00%.

Institutional Investors Weigh In On Douglas Dynamics

Several institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Douglas Dynamics by 20,250.0% during the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 2,835 shares in the last quarter. Blue Trust Inc. bought a new position in Douglas Dynamics in the second quarter worth about $100,000. SG Americas Securities LLC purchased a new stake in Douglas Dynamics in the second quarter worth about $117,000. Point72 Asset Management L.P. raised its position in shares of Douglas Dynamics by 113.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 3,636 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Douglas Dynamics in the 1st quarter valued at approximately $196,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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.