Douglas Dynamics (NYSE:PLOW – Get Free Report)‘s stock had its “buy” rating reiterated by DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $31.00 price target on the auto parts company’s stock. DA Davidson’s price target would suggest a potential upside of 37.05% from the stock’s previous close.
Separately, Robert W. Baird restated a “neutral” rating and set a $25.00 price objective (down from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.
Check Out Our Latest Analysis on Douglas Dynamics
Douglas Dynamics Stock Performance
Douglas Dynamics (NYSE:PLOW – Get Free Report) last released its earnings results on Monday, February 26th. The auto parts company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.17 by $0.12. Douglas Dynamics had a return on equity of 12.70% and a net margin of 4.90%. The company had revenue of $134.25 million during the quarter, compared to analysts’ expectations of $134.00 million. On average, analysts expect that Douglas Dynamics will post 1.46 EPS for the current fiscal year.
Institutional Investors Weigh In On Douglas Dynamics
Hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. bought a new stake in Douglas Dynamics in the fourth quarter valued at $50,000. Simplex Trading LLC bought a new stake in Douglas Dynamics in the fourth quarter valued at $57,000. SG Americas Securities LLC bought a new stake in Douglas Dynamics in the third quarter valued at $124,000. Quest Partners LLC bought a new stake in Douglas Dynamics in the fourth quarter valued at $150,000. Finally, Quadrature Capital Ltd bought a new stake in Douglas Dynamics in the fourth quarter valued at $207,000. 91.85% of the stock is currently owned by institutional investors.
About Douglas Dynamics
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.
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