Douglas Dynamics (NYSE:PLOW) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a research report report published on Wednesday.

Separately, Robert W. Baird decreased their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

Douglas Dynamics Stock Up 2.5 %

PLOW stock opened at $24.28 on Wednesday. The firm’s 50-day moving average is $24.74 and its two-hundred day moving average is $25.66. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $560.63 million, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. Douglas Dynamics has a 52 week low of $21.31 and a 52 week high of $30.98.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Monday, December 16th. Douglas Dynamics’s payout ratio is 51.30%.

Institutional Investors Weigh In On Douglas Dynamics

A number of large investors have recently made changes to their positions in PLOW. Allspring Global Investments Holdings LLC boosted its stake in Douglas Dynamics by 1.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock worth $66,755,000 after purchasing an additional 36,797 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Douglas Dynamics by 15.9% in the third quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock valued at $44,813,000 after purchasing an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Douglas Dynamics by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after buying an additional 14,835 shares during the period. DF Dent & Co. Inc. boosted its position in shares of Douglas Dynamics by 26.3% in the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock worth $23,599,000 after buying an additional 178,018 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Douglas Dynamics by 1.3% during the third quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company’s stock valued at $14,247,000 after buying an additional 6,657 shares in 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.