Douglas Dynamics Inc (NYSE:PLOW) has earned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $47.00.
PLOW has been the subject of a number of research analyst reports. Craig Hallum set a $50.00 price target on shares of Douglas Dynamics and gave the stock a “buy” rating in a report on Wednesday. BidaskClub cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price target on shares of Douglas Dynamics in a report on Thursday. Zacks Investment Research raised shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In other news, CEO James L. Janik sold 25,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $37.47, for a total value of $936,750.00. Following the sale, the chief executive officer now owns 297,790 shares in the company, valued at $11,158,191.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James L. Janik sold 21,080 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $37.27, for a total transaction of $785,651.60. Following the sale, the chief executive officer now owns 297,790 shares in the company, valued at approximately $11,098,633.30. The disclosure for this sale can be found here. Insiders sold 76,673 shares of company stock worth $2,910,522 in the last quarter. Company insiders own 3.20% of the company’s stock.
Douglas Dynamics (NYSE PLOW) traded down $1.15 during midday trading on Thursday, hitting $43.35. 172,223 shares of the company’s stock were exchanged, compared to its average volume of 101,413. The stock has a market capitalization of $994.00, a PE ratio of 18.06, a P/E/G ratio of 1.71 and a beta of 1.27. Douglas Dynamics has a fifty-two week low of $28.55 and a fifty-two week high of $45.30. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be paid a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.24. Douglas Dynamics’s dividend payout ratio is presently 40.00%.
About Douglas Dynamics
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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