Wall Street Zen Downgrades Douglas Dynamics (NYSE:PLOW) to Hold

Key Points

• Douglas Dynamics has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, signaling a more cautious outlook for the stock.
• In contrast, DA Davidson raised its target price on the stock from $32.00 to $34.00, maintaining a "buy" rating on Douglas Dynamics.
• Douglas Dynamics reported earnings of $1.14 per share, surpassing estimates, but its revenue showed a 2.8% decrease from the previous year, totaling $194.33 million for the quarter.

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

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

Douglas Dynamics Stock Performance

PLOW stock traded down $0.03 during midday trading on Friday, reaching $30.85. 124,589 shares of the company were exchanged, compared to its average volume of 198,042. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The business has a 50-day moving average price of $29.22 and a two-hundred day moving average price of $26.62. Douglas Dynamics has a one year low of $21.30 and a one year high of $31.98. The firm has a market capitalization of $710.79 million, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.11 and a beta of 1.32.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%. The company had revenue of $194.33 million during the quarter, compared to the consensus estimate of $189.47 million. During the same quarter last year, the firm earned $1.11 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that Douglas Dynamics will post 1.3 EPS for the current year.

Insider Activity

In other news, Director James L. Janik sold 15,650 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 40,136 shares of the company's stock, valued at $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in Douglas Dynamics in the second quarter valued at approximately $61,000. Quarry LP bought a new position in shares of Douglas Dynamics in the 1st quarter worth about $53,000. CWM LLC boosted its holdings 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 worth $125,000 after buying an additional 1,052 shares in the last quarter. State of Wyoming bought a new position in shares of Douglas Dynamics during the 4th quarter worth approximately $153,000. Finally, R Squared Ltd bought a new position in shares of Douglas Dynamics during the 2nd quarter worth approximately $216,000. 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.