Douglas Dynamics (NYSE:PLOW) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Douglas Dynamics (NYSE:PLOW) has crossed above its 200-day moving average, trading as high as $31.71, with a current rate of $31.19 per share.
• Recent analyst ratings show a downgrade from "buy" to "hold" by Wall Street Zen, while DA Davidson raised the price target from $32 to $34, maintaining a "buy" rating.
• The company is set to pay a quarterly dividend of $0.295 per share on September 30, representing an annual yield of 3.8% and a payout ratio of 42.29%.

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.36 and traded as high as $31.71. Douglas Dynamics shares last traded at $31.19, with a volume of 82,223 shares trading hands.

Analyst Ratings Changes

PLOW has been the subject of several recent research reports. Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson increased their target price on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Douglas Dynamics presently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Douglas Dynamics Trading Down 1.0%

The business's fifty day simple moving average is $31.69 and its 200 day simple moving average is $28.36. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The stock has a market cap of $718.58 million, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, topping 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 firm had revenue of $194.33 million for the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The company's revenue was down 2.8% on a year-over-year basis. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.18 dividend on an annualized basis and a yield of 3.8%. Douglas Dynamics's dividend payout ratio is currently 42.29%.

Institutional Investors Weigh In On Douglas Dynamics

A number of hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC bought a new position in shares of Douglas Dynamics in the 1st quarter valued at about $241,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Douglas Dynamics by 0.5% in 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 purchasing an additional 11,297 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Douglas Dynamics by 3,811.8% in the 1st quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock valued at $316,000 after purchasing an additional 13,265 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Douglas Dynamics by 27.3% in the 4th quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock valued at $1,036,000 after purchasing an additional 9,411 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Douglas Dynamics by 80.6% in the 4th quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock valued at $3,270,000 after purchasing an additional 61,759 shares during the last quarter. 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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