Weiss Ratings Reaffirms Buy (B-) Rating for Douglas Dynamics (NYSE:PLOW)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Douglas Dynamics (NYSE:PLOW), indicating positive sentiment towards the stock.
• The stock price target has been lifted from $32.00 to $34.00 by DA Davidson, while the average consensus target price currently sits at $30.00.
• Douglas Dynamics reported a quarterly EPS of $1.14, exceeding analysts' expectations, with a revenue of $194.33 million, albeit down 2.8% year-over-year.

Douglas Dynamics (NYSE:PLOW - Get Free Report)'s stock had its "buy (b-)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. DA Davidson lifted their price objective on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Douglas Dynamics Trading Up 1.2%

Douglas Dynamics stock traded up $0.36 during trading on Wednesday, reaching $30.66. 74,924 shares of the company were exchanged, compared to its average volume of 115,666. Douglas Dynamics has a 52-week low of $21.30 and a 52-week high of $34.25. The company has a market capitalization of $706.41 million, a P/E ratio of 10.99, a PEG ratio of 1.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The stock's 50 day simple moving average is $31.94 and its two-hundred day simple moving average is $28.62.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The firm had revenue of $194.33 million for the quarter, compared to the consensus estimate of $189.47 million. During the same quarter last year, the business posted $1.11 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, equities research analysts expect that Douglas Dynamics will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Douglas Dynamics

Several institutional investors and hedge funds have recently modified their holdings of PLOW. GAMMA Investing LLC raised its holdings in shares of Douglas Dynamics by 3,811.8% in the 1st quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock valued at $316,000 after buying an additional 13,265 shares during the period. Rhumbline Advisers grew its stake in Douglas Dynamics by 3.9% during the 1st quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company's stock worth $797,000 after purchasing an additional 1,286 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Douglas Dynamics by 0.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after purchasing an additional 11,297 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Douglas Dynamics by 72.7% during the 1st quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company's stock worth $3,071,000 after purchasing an additional 55,657 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Douglas Dynamics by 58.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 54,145 shares of the auto parts company's stock worth $1,258,000 after purchasing an additional 19,997 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.

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