Douglas Dynamics (NYSE:PLOW) Hits New 1-Year Low - Time to Sell?

Shares of Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $21.30 and last traded at $22.27, with a volume of 44355 shares traded. The stock had previously closed at $22.41.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLOW. DA Davidson reiterated a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com upgraded Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

Douglas Dynamics Trading Up 1.2 %

The company has a market cap of $518.87 million, a PE ratio of 9.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $24.65 and a two-hundred day moving average of $25.03.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is currently 50.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PLOW. Allspring Global Investments Holdings LLC lifted its position in shares of Douglas Dynamics by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company's stock worth $57,819,000 after acquiring an additional 20,233 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Douglas Dynamics by 3.3% during the 4th quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company's stock valued at $39,676,000 after purchasing an additional 54,221 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Douglas Dynamics by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company's stock valued at $22,559,000 after purchasing an additional 44,063 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Douglas Dynamics by 18.8% during the 4th 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 in the last quarter. Finally, Ararat Capital Management LP boosted its stake in Douglas Dynamics by 40.6% in the 4th quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company's stock worth $19,074,000 after purchasing an additional 233,255 shares during the period. 91.85% of the stock is owned by 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.