DA Davidson Forecasts Strong Price Appreciation for Douglas Dynamics (NYSE:PLOW) Stock

Douglas Dynamics (NYSE:PLOW - Get Free Report) had its target price upped by analysts at DA Davidson from $32.00 to $34.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the auto parts company's stock. DA Davidson's target price indicates a potential upside of 15.67% from the company's previous close.

Separately, Wall Street Zen upgraded shares of Douglas Dynamics from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Douglas Dynamics Stock Up 2.6%

Shares of PLOW stock traded up $0.75 on Tuesday, hitting $29.40. The stock had a trading volume of 53,472 shares, compared to its average volume of 187,776. The business has a 50 day moving average of $28.88 and a 200 day moving average of $26.11. The stock has a market cap of $682.26 million, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 0.70. Douglas Dynamics has a 12-month low of $21.30 and a 12-month high of $31.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.25. The business had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.29) earnings per share. As a group, analysts expect that Douglas Dynamics will post 1.3 EPS for the current year.

Insider Buying and Selling at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the completion of the sale, the director directly owned 40,136 shares in the company, valued at $1,164,345.36. This represents a 28.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.04% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Douglas Dynamics in the 1st quarter worth approximately $53,000. KLP Kapitalforvaltning AS bought a new stake in Douglas Dynamics during the 4th quarter worth approximately $111,000. CWM LLC raised its stake in Douglas Dynamics by 24.2% during the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock worth $125,000 after acquiring an additional 1,052 shares during the period. State of Wyoming bought a new stake in Douglas Dynamics during the 4th quarter worth approximately $153,000. Finally, Aquatic Capital Management LLC raised its stake in Douglas Dynamics by 358.9% during the 4th quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after acquiring an additional 6,102 shares during the period. 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.

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