Douglas Dynamics (NYSE:PLOW) Sets New 12-Month High - Time to Buy?

Key Points

• Douglas Dynamics' stock reached a new 52-week high of $32.05 during trading, with a market cap of $744.31 million.
• Analyst ratings saw mixed changes, with DA Davidson raising the price target to $34.00 and maintaining a "buy" rating, while Wall Street Zen downgraded it from "buy" to "hold".
• The company reported a quarterly earnings of $1.14 per share, exceeding estimates, although revenue declined by 2.8% year-over-year.

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $32.05 and last traded at $32.05, with a volume of 7296 shares. The stock had previously closed at $31.57.

Analyst Ratings Changes

PLOW has been the subject of several analyst reports. DA Davidson lifted their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday.

Douglas Dynamics Stock Performance

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 stock's 50 day simple moving average is $29.37 and its two-hundred day simple moving average is $26.69. The stock has a market cap of $744.31 million, a P/E ratio of 11.58, 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 quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.30. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The company had revenue of $194.33 million for the quarter, compared to the consensus estimate of $189.47 million. During the same period last year, the company earned $1.11 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, research analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a $0.295 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.7%. Douglas Dynamics's dividend payout ratio (DPR) is 42.29%.

Insider Activity

In related news, Director James L. Janik sold 15,650 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the transaction, the director directly owned 40,136 shares in the company, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Douglas Dynamics

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Douglas Dynamics by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 521,052 shares of the auto parts company's stock valued at $12,316,000 after acquiring an additional 4,595 shares during the period. Wells Fargo & Company MN boosted its position in shares of Douglas Dynamics by 27.1% in the fourth quarter. Wells Fargo & Company MN now owns 19,194 shares of the auto parts company's stock valued at $454,000 after acquiring an additional 4,097 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Douglas Dynamics by 25,080.6% in the fourth quarter. Russell Investments Group Ltd. now owns 94,931 shares of the auto parts company's stock valued at $2,243,000 after acquiring an additional 94,554 shares during the period. Barclays PLC boosted its position in shares of Douglas Dynamics by 15.0% in the fourth quarter. Barclays PLC now owns 62,227 shares of the auto parts company's stock valued at $1,470,000 after acquiring an additional 8,111 shares during the period. Finally, Keeley Teton Advisors LLC bought a new stake in shares of Douglas Dynamics in the fourth quarter valued at about $2,253,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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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