Douglas Dynamics (PLOW) Downgraded to Hold at ValuEngine

ValuEngine downgraded shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a research note published on Friday.

PLOW has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Douglas Dynamics from a hold rating to a buy rating and set a $49.00 price objective for the company in a research note on Saturday, March 3rd. Robert W. Baird restated a hold rating and set a $44.00 price target on shares of Douglas Dynamics in a research report on Thursday, March 1st. Finally, Craig Hallum set a $50.00 price target on shares of Douglas Dynamics and gave the company a buy rating in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Douglas Dynamics has an average rating of Buy and an average target price of $47.67.

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Douglas Dynamics (PLOW) traded down $1.10 during trading on Friday, reaching $43.00. 82,747 shares of the company were exchanged, compared to its average volume of 129,833. Douglas Dynamics has a fifty-two week low of $28.55 and a fifty-two week high of $47.40. The stock has a market cap of $996.26, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.45 and a quick ratio of 1.47.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.04%. The business had revenue of $137.97 million during the quarter, compared to analyst estimates of $135.33 million. equities research analysts anticipate that Douglas Dynamics will post 2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.265 per share. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.24. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, March 21st. Douglas Dynamics’s payout ratio is 44.17%.

In other news, VP Robert J. Young sold 818 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total transaction of $35,574.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Dejana sold 741 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total transaction of $32,226.09. The disclosure for this sale can be found here. Insiders have sold a total of 43,138 shares of company stock valued at $1,824,922 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PLOW. Conestoga Capital Advisors LLC lifted its holdings in shares of Douglas Dynamics by 25.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 712,865 shares of the auto parts company’s stock worth $26,946,000 after acquiring an additional 145,465 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Douglas Dynamics during the 4th quarter worth $2,470,000. Ameriprise Financial Inc. bought a new stake in shares of Douglas Dynamics during the 3rd quarter worth $2,339,000. Lazard Asset Management LLC lifted its holdings in shares of Douglas Dynamics by 10.0% during the 4th quarter. Lazard Asset Management LLC now owns 536,913 shares of the auto parts company’s stock worth $20,295,000 after acquiring an additional 48,710 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Douglas Dynamics by 63.6% during the 4th quarter. First Trust Advisors LP now owns 87,736 shares of the auto parts company’s stock worth $3,316,000 after acquiring an additional 34,123 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

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Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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