Douglas Dynamics (NYSE:PLOW) Raised to "Strong-Buy" at Wall Street Zen

Douglas Dynamics (NYSE:PLOW - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.

Douglas Dynamics Price Performance

PLOW stock traded down $0.31 during mid-day trading on Friday, hitting $28.76. 164,697 shares of the stock were exchanged, compared to its average volume of 190,718. The business has a fifty day moving average price of $28.88 and a 200 day moving average price of $26.08. Douglas Dynamics has a 12 month low of $21.30 and a 12 month high of $31.98. 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 stock has a market capitalization of $667.52 million, a price-to-earnings ratio of 10.57, a PEG ratio of 1.09 and a beta of 1.30.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.25. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a return on equity of 15.17% and a net margin of 11.00%. Douglas Dynamics's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.29) EPS. On average, sell-side analysts anticipate that Douglas Dynamics will post 1.3 EPS 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 dated 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Douglas Dynamics by 0.5% during the 1st 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 period. Pzena Investment Management LLC lifted its position in Douglas Dynamics by 35.4% in the first quarter. Pzena Investment Management LLC now owns 2,273,003 shares of the auto parts company's stock valued at $52,802,000 after purchasing an additional 593,962 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Douglas Dynamics by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company's stock valued at $30,615,000 after purchasing an additional 26,118 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Douglas Dynamics by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company's stock worth $22,559,000 after purchasing an additional 44,063 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Douglas Dynamics by 18.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company's stock worth $21,487,000 after purchasing an additional 143,853 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company's stock.

About Douglas Dynamics

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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