Douglas Dynamics (NYSE:PLOW) Reaches New 52-Week Low at $22.19

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $22.19 and last traded at $22.40, with a volume of 109451 shares. The stock had previously closed at $24.00.

Analyst Ratings Changes

Separately, Robert W. Baird reiterated a "neutral" rating and set a $25.00 target price (down previously from $36.00) on shares of Douglas Dynamics in a report on Monday.

Douglas Dynamics Stock Down 5.3 %

The stock has a 50-day moving average of $24.55 and a 200-day moving average of $27.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.21 and a quick ratio of 1.01. The firm has a market cap of $522.34 million, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.17 and a beta of 1.14.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its earnings results on Monday, February 26th. The auto parts company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. The company had revenue of $134.25 million during the quarter, compared to analysts' expectations of $134.00 million. Sell-side analysts predict that Douglas Dynamics, Inc. will post 1.46 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.19%. The ex-dividend date was Friday, March 15th. Douglas Dynamics's dividend payout ratio (DPR) is presently 122.92%.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds have recently modified their holdings of PLOW. Advisor Group Holdings Inc. raised its holdings in Douglas Dynamics by 52.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,992 shares of the auto parts company's stock valued at $146,000 after buying an additional 2,762 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Douglas Dynamics by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 228,350 shares of the auto parts company's stock valued at $7,899,000 after acquiring an additional 2,563 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Douglas Dynamics by 1.1% during the first quarter. Natixis Advisors L.P. now owns 32,297 shares of the auto parts company's stock worth $1,117,000 after purchasing an additional 348 shares during the period. MetLife Investment Management LLC grew its stake in shares of Douglas Dynamics by 58.2% in the first quarter. MetLife Investment Management LLC now owns 12,125 shares of the auto parts company's stock worth $419,000 after purchasing an additional 4,460 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Douglas Dynamics by 8.2% in the first quarter. Raymond James Trust N.A. now owns 5,946 shares of the auto parts company's stock valued at $206,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 91.85% of the company's stock.

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.