Douglas Dynamics (NYSE:PLOW) Receives Buy Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of Douglas Dynamics (NYSE:PLOW - Free Report) in a research report sent to investors on Tuesday, Benzinga reports. DA Davidson currently has a $31.00 price target on the auto parts company's stock.

Separately, Robert W. Baird reaffirmed a neutral rating and issued a $25.00 price objective (down previously from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Price Performance

PLOW traded up $0.15 on Tuesday, hitting $22.64. 453,627 shares of the company's stock traded hands, compared to its average volume of 249,135. The company's 50 day simple moving average is $23.55 and its 200-day simple moving average is $26.19. The firm has a market cap of $520.27 million, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.09 and a beta of 1.14. Douglas Dynamics has a one year low of $21.35 and a one year high of $35.39. 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 issued its earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.12. Douglas Dynamics had a return on equity of 10.18% and a net margin of 4.18%. The company had revenue of $134.25 million for the quarter, compared to the consensus estimate of $134.00 million. As a group, research analysts anticipate that Douglas Dynamics will post 1.46 EPS for the current year.

Douglas Dynamics Dividend Announcement

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

Hedge Funds Weigh In On Douglas Dynamics

A number of institutional investors and hedge funds have recently modified their holdings of PLOW. Conestoga Capital Advisors LLC boosted its holdings in Douglas Dynamics by 16.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company's stock valued at $65,056,000 after acquiring an additional 311,799 shares during the period. Assenagon Asset Management S.A. purchased a new position in Douglas Dynamics during the 1st quarter valued at $7,055,000. Punch & Associates Investment Management Inc. boosted its position in Douglas Dynamics by 32.2% during the third quarter. Punch & Associates Investment Management Inc. now owns 364,773 shares of the auto parts company's stock worth $11,009,000 after purchasing an additional 88,804 shares in the last quarter. Wellington Management Group LLP boosted its position in Douglas Dynamics by 32.8% during the third quarter. Wellington Management Group LLP now owns 259,918 shares of the auto parts company's stock worth $7,844,000 after purchasing an additional 64,200 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in Douglas Dynamics by 260.9% during the third quarter. GSA Capital Partners LLP now owns 63,333 shares of the auto parts company's stock worth $1,911,000 after purchasing an additional 45,785 shares in the last quarter. Hedge funds and other institutional investors 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.