Douglas Dynamics' (PLOW) "Buy (B-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Douglas Dynamics has had its "buy (B-)" rating reaffirmed by Weiss Ratings, indicating continued analyst confidence in the stock's performance.
• Two analysts have rated the stock as a Buy, while one has given it a Hold rating, with a consensus rating of "Moderate Buy" and an average price target of $30.00.
• In its latest earnings report, Douglas Dynamics posted $1.14 earnings per share, significantly exceeding expectations, and forecasts 1.650-2.150 EPS for FY 2025.

Douglas Dynamics (NYSE:PLOW - Get Free Report)'s stock had its "buy (b-)" rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. Wall Street Zen downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. DA Davidson lifted their price target on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Douglas Dynamics Stock Up 1.5%

Shares of Douglas Dynamics stock opened at $32.15 on Friday. The business has a 50-day moving average of $32.04 and a 200-day moving average of $29.25. 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 has a market capitalization of $740.83 million, a PE ratio of 11.52, a P/E/G ratio of 1.14 and a beta of 1.29. Douglas Dynamics has a 1-year low of $21.30 and a 1-year high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.30. The company had revenue of $194.33 million during the quarter, compared to the consensus estimate of $189.47 million. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The company's revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, equities analysts forecast that Douglas Dynamics will post 1.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Douglas Dynamics

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Douglas Dynamics in the third quarter valued at approximately $39,000. SG Americas Securities LLC acquired a new position in Douglas Dynamics in the third quarter valued at approximately $1,013,000. McIlrath & Eck LLC acquired a new position in Douglas Dynamics in the third quarter valued at approximately $79,000. Hennion & Walsh Asset Management Inc. acquired a new position in Douglas Dynamics in the third quarter valued at approximately $235,000. Finally, Nicholas Wealth LLC. raised its holdings in shares of Douglas Dynamics by 24.6% during the third quarter. Nicholas Wealth LLC. now owns 50,404 shares of the auto parts company's stock valued at $1,576,000 after buying an additional 9,952 shares during the last quarter. 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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