Douglas Dynamics (NYSE:PLOW) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Douglas Dynamics (NYSE:PLOW) in a report released on Tuesday,Benzinga reports. DA Davidson currently has a $32.00 price target on the auto parts company’s stock.

A number of other equities analysts have also recently commented on PLOW. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Robert W. Baird decreased their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW opened at $26.87 on Tuesday. The stock has a market cap of $620.47 million, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.14 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $30.98. The stock’s 50-day moving average is $24.87 and its 200 day moving average is $25.83.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 4.39%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 51.30%.

Hedge Funds Weigh In On Douglas Dynamics

Hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Douglas Dynamics during the fourth quarter valued at approximately $49,000. FMR LLC increased its stake in shares of Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after buying an additional 1,229 shares during the period. US Bancorp DE increased its stake in shares of Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock valued at $72,000 after buying an additional 413 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Douglas Dynamics during the fourth quarter valued at approximately $111,000. Finally, Quest Partners LLC purchased a new position in shares of Douglas Dynamics during the third quarter valued at approximately $118,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

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.