Douglas Dynamics (NYSE:PLOW) Sets New 52-Week Low at $21.52

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $21.52 and last traded at $21.76, with a volume of 83727 shares traded. The stock had previously closed at $21.90.

Analyst Ratings Changes

Separately, Robert W. Baird restated a "neutral" rating and set a $25.00 target price (down previously from $36.00) on shares of Douglas Dynamics in a research report on Monday, April 8th.

Douglas Dynamics Price Performance

The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The firm has a market cap of $498.32 million, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.14. The company's 50-day moving average is $24.11 and its 200-day moving average is $26.76.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.12. The business had revenue of $134.25 million for the quarter, compared to analyst estimates of $134.00 million. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. Equities research analysts predict that Douglas Dynamics, Inc. will post 1.46 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.295 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.18 dividend on an annualized basis and a yield of 5.44%. Douglas Dynamics's dividend payout ratio is currently 122.92%.

Institutional Trading of Douglas Dynamics

A number of hedge funds have recently added to or reduced their stakes in PLOW. Advisor Group Holdings Inc. raised its stake in shares of Douglas Dynamics by 52.8% during the first quarter. Advisor Group Holdings Inc. now owns 7,992 shares of the auto parts company's stock valued at $146,000 after acquiring 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. raised its stake 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 valued at $1,117,000 after acquiring an additional 348 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Douglas Dynamics by 58.2% during the first quarter. MetLife Investment Management LLC now owns 12,125 shares of the auto parts company's stock valued at $419,000 after acquiring an additional 4,460 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Douglas Dynamics by 8.2% during 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 acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds 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.