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

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

Several other equities analysts also recently issued reports on PLOW. Robert W. Baird dropped their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a research report on Tuesday.

Douglas Dynamics Stock Down 1.1 %

Shares of NYSE PLOW opened at $27.02 on Wednesday. The company has a 50 day simple moving average of $25.06 and a 200 day simple moving average of $25.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $30.98. The firm has a market cap of $624.05 million, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio is presently 50.43%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PLOW. R Squared Ltd bought a new position in Douglas Dynamics during the fourth quarter worth $49,000. FMR LLC grew its holdings in Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 1,229 shares during the period. US Bancorp DE raised its position in shares of Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at about $111,000. Finally, Quest Partners LLC bought a new stake in shares of Douglas Dynamics during the 3rd quarter valued at about $118,000. Institutional investors and hedge funds 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.