Douglas Dynamics (NYSE:PLOW) Lowered to Buy Rating by Wall Street Zen

Key Points

• Douglas Dynamics was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen.
• DA Davidson has raised its price target on Douglas Dynamics shares from $32.00 to $34.00, maintaining a "buy" rating.
• The company's recent quarterly earnings showed $0.09 earnings per share, surpassing estimates, with revenue up 20.3% year-over-year.

Douglas Dynamics (NYSE:PLOW - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Separately, DA Davidson boosted their price objective on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd.

Douglas Dynamics Stock Down 0.5%

NYSE PLOW traded down $0.14 during midday trading on Friday, hitting $28.76. 164,831 shares of the company traded hands, compared to its average volume of 180,433. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 0.70. The company has a market cap of $667.45 million, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. The company's 50-day simple moving average is $28.92 and its 200-day simple moving average is $26.36. Douglas Dynamics has a 52 week low of $21.30 and a 52 week high of $31.98.

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

Insider Buying and Selling

In other Douglas Dynamics 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 value of $454,006.50. Following the completion of the transaction, the director owned 40,136 shares in the company, valued at $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds have recently made changes to their positions in PLOW. New York State Teachers Retirement System acquired a new stake in Douglas Dynamics in the second quarter valued at about $61,000. Quarry LP acquired a new stake in Douglas Dynamics in the first quarter valued at about $53,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at approximately $111,000. CWM LLC lifted its position in shares of Douglas Dynamics by 24.2% during the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after acquiring an additional 1,052 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at approximately $153,000. Institutional investors and hedge funds 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.