Douglas Dynamics (NYSE:PLOW) Upgraded 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 note published on Wednesday.

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

Douglas Dynamics Price Performance

Douglas Dynamics stock opened at $27.59 on Wednesday. The firm has a market capitalization of $637.16 million, a P/E ratio of 12.00, a PEG ratio of 1.14 and a beta of 1.21. Douglas Dynamics has a one year low of $21.31 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The business has a fifty day moving average price of $24.93 and a 200-day moving average price of $25.84.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio is 50.43%.

Hedge Funds Weigh In On Douglas Dynamics

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Douglas Dynamics during the fourth quarter worth about $49,000. FMR LLC grew its stake in Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after buying an additional 1,229 shares in the last quarter. US Bancorp DE increased its holdings 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 buying an additional 413 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Douglas Dynamics during the 4th quarter valued at $111,000. Finally, Quest Partners LLC bought a new stake in shares of Douglas Dynamics during the 3rd quarter worth $118,000. 91.85% of the stock is currently owned by 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.