DA Davidson Boosts Douglas Dynamics (NYSE:PLOW) Price Target to $34.00

Douglas Dynamics (NYSE:PLOW - Get Free Report) had its price objective increased by DA Davidson from $32.00 to $34.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the auto parts company's stock. DA Davidson's target price would suggest a potential upside of 16.15% from the company's current price.

Separately, Wall Street Zen upgraded Douglas Dynamics from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th.

Douglas Dynamics Stock Performance

PLOW stock traded down $0.15 during trading hours on Tuesday, hitting $29.27. 119,988 shares of the stock were exchanged, compared to its average volume of 198,261. The company has a current ratio of 2.37, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $679.40 million, a P/E ratio of 10.76, a P/E/G ratio of 1.12 and a beta of 1.30. The company has a 50-day simple moving average of $28.90 and a two-hundred day simple moving average of $26.19. 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 for the quarter, topping the consensus estimate of ($0.16) by $0.25. The firm had revenue of $115.07 million for the quarter, compared to analysts' expectations of $107.80 million. Douglas Dynamics had a return on equity of 15.17% and a net margin of 11.00%. The company's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.29) EPS. On average, analysts forecast that Douglas Dynamics will post 1.3 earnings per share for the current fiscal year.

Insider Activity at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $29.01, for a total value of $454,006.50. Following the transaction, the director owned 40,136 shares in the company, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Douglas Dynamics by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock valued at $57,032,000 after acquiring an additional 11,297 shares during the last quarter. Millennium Management LLC grew its position in Douglas Dynamics by 27.3% in the fourth quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock valued at $1,036,000 after acquiring an additional 9,411 shares during the last quarter. GAMMA Investing LLC grew its position in Douglas Dynamics by 3,811.8% in the first quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock valued at $316,000 after acquiring an additional 13,265 shares during the last quarter. Nuveen Asset Management LLC grew its position in Douglas Dynamics by 80.6% in the fourth quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock valued at $3,270,000 after acquiring an additional 61,759 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Douglas Dynamics by 72.7% during the first quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company's stock valued at $3,071,000 after purchasing an additional 55,657 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

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.