Douglas Dynamics (NYSE:PLOW) Rating Reiterated by Robert W. Baird

Douglas Dynamics (NYSE:PLOW - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at Robert W. Baird in a research note issued on Monday, Marketbeat Ratings reports. They presently have a $25.00 price target on the auto parts company's stock, down from their prior price target of $36.00. Robert W. Baird's target price would indicate a potential upside of 9.99% from the stock's current price.

Douglas Dynamics Stock Down 5.3 %

Shares of NYSE:PLOW traded down $1.27 during trading on Monday, hitting $22.73. 730,093 shares of the company's stock traded hands, compared to its average volume of 236,046. The company has a 50-day moving average price of $24.41 and a 200-day moving average price of $27.04. Douglas Dynamics has a 52 week low of $21.88 and a 52 week high of $35.39. The company has a market cap of $522.34 million, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14. The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.

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, topping analysts' consensus estimates 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 return on equity of 10.18% and a net margin of 4.18%. As a group, research analysts forecast that Douglas Dynamics will post 1.46 EPS for the current fiscal year.

Institutional Trading of Douglas Dynamics

A number of institutional investors and hedge funds have recently modified their holdings of PLOW. Conestoga Capital Advisors LLC increased its holdings in shares of Douglas Dynamics by 16.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company's stock worth $65,056,000 after buying an additional 311,799 shares during the period. Western Standard LLC bought a new position in shares of Douglas Dynamics during the 2nd quarter valued at $6,808,000. Medina Value Partners LLC bought a new position in shares of Douglas Dynamics during the 4th quarter valued at $7,822,000. Comerica Bank bought a new position in Douglas Dynamics in the 2nd quarter worth $63,330,000. Finally, Assenagon Asset Management S.A. bought a new position in Douglas Dynamics in the 3rd quarter worth $3,379,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

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.