Douglas Dynamics (NYSE:PLOW) Upgraded at Wall Street Zen

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

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

Douglas Dynamics Stock Up 3.0%

Shares of NYSE PLOW opened at $37.42 on Friday. The firm’s 50-day simple moving average is $39.73 and its 200 day simple moving average is $42.99. The company has a market cap of $863.65 million, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 0.83 and a beta of 1.14. The company has a quick ratio of 1.03, a current ratio of 1.97 and a debt-to-equity ratio of 0.41. Douglas Dynamics has a 12-month low of $29.41 and a 12-month high of $55.00.

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

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.2950 per share. The ex-dividend date 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 modified their holdings of PLOW. BlackRock Inc. acquired a new stake in shares of Douglas Dynamics during the 2nd quarter worth approximately $109,009,000. Pzena Investment Management LLC acquired a new position in Douglas Dynamics in the second quarter valued at approximately $74,703,000. Allspring Global Investments Holdings LLC lifted its holdings in Douglas Dynamics by 2.9% in the third 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 buying an additional 44,905 shares during the period. Punch & Associates Investment Management Inc. bought a new position in Douglas Dynamics in the second quarter valued at approximately $35,570,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake 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 acquiring an additional 303,077 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Company Profile

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.