Douglas Dynamics (NYSE:PLOW) Sets New 52-Week Low at $21.35

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $21.35 and last traded at $22.71, with a volume of 85530 shares. The stock had previously closed at $22.49.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PLOW shares. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Douglas Dynamics in a research report on Tuesday. Robert W. Baird restated a "neutral" rating and set a $25.00 price objective (down previously from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.

Douglas Dynamics Trading Up 0.7 %

The business's 50 day moving average price is $23.55 and its 200-day moving average price is $26.19. The company has a market cap of $520.27 million, a price-to-earnings ratio of 23.58, a PEG ratio of 1.09 and a beta of 1.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 2.21.

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

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Friday, March 15th. Douglas Dynamics's dividend payout ratio (DPR) is 122.92%.

Institutional Investors Weigh In On Douglas Dynamics

Large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in Douglas Dynamics during the first quarter worth about $7,055,000. Olstein Capital Management L.P. acquired a new position in Douglas Dynamics during the 1st quarter worth about $1,061,000. Quadrature Capital Ltd acquired a new position in Douglas Dynamics during the 4th quarter worth about $207,000. Wellington Management Group LLP grew its holdings in Douglas Dynamics by 18.5% during the 4th quarter. Wellington Management Group LLP now owns 308,107 shares of the auto parts company's stock worth $9,145,000 after acquiring an additional 48,189 shares during the last quarter. Finally, Penn Capital Management Company LLC increased its position in Douglas Dynamics by 190.2% in the 4th quarter. Penn Capital Management Company LLC now owns 64,292 shares of the auto parts company's stock valued at $1,908,000 after acquiring an additional 42,135 shares in 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.