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

Key Points

• Douglas Dynamics' stock price recently crossed above its 200-day moving average of $26.87, reaching a trading high of $32.60.
• The company reported $1.14 earnings per share for the last quarter, exceeding analyst expectations, despite a decline in revenue compared to the previous year.
• Douglas Dynamics declared a quarterly dividend of $0.295, translating to an annual yield of 3.6%, with a dividend payout ratio of 42.29%.

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.87 and traded as high as $32.60. Douglas Dynamics shares last traded at $32.56, with a volume of 115,672 shares trading hands.

Analyst Upgrades and Downgrades

PLOW has been the subject of several recent research reports. Wall Street Zen cut shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson increased their price objective 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.

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 company's 50-day moving average price is $29.71 and its two-hundred day moving average price is $26.87. The company has a market capitalization of $750.18 million, a price-to-earnings ratio of 11.67, a PEG ratio of 1.15 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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $189.47 million. During the same period in the prior year, the company posted $1.11 earnings per share. Douglas Dynamics's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics's dividend payout ratio (DPR) is presently 42.29%.

Institutional Investors Weigh In On Douglas Dynamics

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Douglas Dynamics by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company's stock worth $314,000 after purchasing an additional 546 shares during the period. Legal & General Group Plc lifted its stake in shares of Douglas Dynamics by 2.8% in the second quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company's stock valued at $795,000 after buying an additional 725 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Douglas Dynamics by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock valued at $6,625,000 after buying an additional 750 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Douglas Dynamics by 2.9% in the first quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company's stock valued at $700,000 after buying an additional 850 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Douglas Dynamics by 10.1% in the first quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company's stock valued at $237,000 after buying an additional 938 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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