Douglas Dynamics, Inc. (NYSE:PLOW) Stock Has Consensus Target Price of $51.67

Key Points

• Analysts rate Douglas Dynamics a “Moderate Buy,” with two hold, two buy, and one strong-buy recommendation; the average 12-month price target is $51.67.
• The company reported quarterly EPS of $0.98, beating estimates of $0.92, while revenue of $218.01 million came in slightly below forecasts.
• Douglas Dynamics declared a quarterly dividend of $0.295 per share, equivalent to an annualized yield of about 3.1%.

Shares of Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) have received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $51.67.

Several analysts have commented on PLOW shares. Zacks Research upgraded shares of Douglas Dynamics from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 2nd. Wall Street Zen upgraded Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Saturday, November 7th. Robert W. Baird reduced their target price on Douglas Dynamics from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Weiss Ratings raised Douglas Dynamics from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Finally, DA Davidson set a $57.00 target price on Douglas Dynamics in a research report on Tuesday, August 4th.

Hedge Funds Weigh In On Douglas Dynamics

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Douglas Dynamics in the second quarter worth $109,009,000. Allspring Global Investments Holdings LLC raised its position in shares of Douglas Dynamics by 2.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,582,621 shares of the auto parts company's stock worth $62,830,000 after purchasing an additional 44,905 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Douglas Dynamics in the 2nd quarter worth about $74,703,000. Punch & Associates Investment Management Inc. bought a new position in Douglas Dynamics in the 2nd quarter worth about $35,570,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Douglas Dynamics by 128.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company's stock worth $22,673,000 after purchasing an additional 303,077 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Up 1.3%

Shares of Douglas Dynamics stock opened at $37.83 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. Douglas Dynamics has a 12-month low of $29.41 and a 12-month high of $55.00. The company has a market cap of $873.09 million, a P/E ratio of 13.71, a PEG ratio of 0.82 and a beta of 1.14. The company's fifty day simple moving average is $39.60 and its two-hundred day simple moving average is $42.99.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its earnings results on Monday, November 2nd. The auto parts company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. Douglas Dynamics had a net margin of 8.71% and a return on equity of 22.97%. The firm had revenue of $218.01 million for the quarter, compared to analyst estimates of $218.60 million. Research analysts anticipate that Douglas Dynamics will post 2.83 EPS for the current year.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.2950 dividend. This represents a $1.18 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Douglas Dynamics's dividend payout ratio is presently 42.75%.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc. designs, manufactures and sells equipment and attachments for work trucks, with a primary focus on products used for snow and ice control. Its offerings include snowplows, spreaders and related equipment for commercial, municipal and government customers. The company serves the work-truck market through brands including WESTERN, FISHER and SnowEx. Its products are distributed through dealer networks, with service and support provided through those channels. Founded in 1948, Douglas Dynamics has expanded beyond snow and ice equipment into additional work-truck solutions, including truck bodies and related equipment.

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