Douglas Dynamics (NYSE:PLOW) Rating Increased to Buy at StockNews.com

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

Douglas Dynamics Price Performance

Shares of PLOW opened at $25.85 on Wednesday. The firm has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $25.29. The firm has a market cap of $596.98 million, a PE ratio of 22.09, a P/E/G ratio of 1.29 and a beta of 1.18. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $31.39.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.48. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. The company had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $181.30 million. During the same quarter in the prior year, the business earned $1.00 earnings per share. On average, equities analysts anticipate that Douglas Dynamics will post 1.5 EPS for the current year.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.18 annualized dividend and a yield of 4.56%. Douglas Dynamics’s dividend payout ratio (DPR) is 100.85%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC increased its stake in shares of Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 2,835 shares in the last quarter. Blue Trust Inc. bought a new stake in Douglas Dynamics during the second quarter valued at about $100,000. SG Americas Securities LLC purchased a new stake in Douglas Dynamics in the second quarter worth about $117,000. Point72 Asset Management L.P. raised its stake in shares of Douglas Dynamics by 113.6% in the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after buying an additional 3,636 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Douglas Dynamics during the 1st quarter valued at about $196,000. 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.