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

StockNews.com lowered shares of Douglas Dynamics (NYSE:PLOW - Free Report) from a buy rating to a hold rating in a report issued on Thursday morning.

Separately, Robert W. Baird dropped their target price on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th.

Douglas Dynamics Stock Performance

PLOW traded up $0.47 on Thursday, reaching $25.96. 107,854 shares of the stock were exchanged, compared to its average volume of 194,547. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company's 50-day moving average price is $24.71 and its 200 day moving average price is $25.76. The firm has a market capitalization of $599.42 million, a PE ratio of 11.29, a PEG ratio of 1.11 and a beta of 1.21. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $30.98.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.295 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.55%. Douglas Dynamics's dividend payout ratio (DPR) is presently 51.30%.

Institutional Investors Weigh In On Douglas Dynamics

A number of institutional investors have recently modified their holdings of PLOW. Jane Street Group LLC raised its position in shares of Douglas Dynamics by 109.6% in the third quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company's stock valued at $1,839,000 after buying an additional 34,873 shares during the last quarter. Pacific Ridge Capital Partners LLC acquired a new stake in Douglas Dynamics in the 2nd quarter valued at about $486,000. Barclays PLC boosted its holdings in shares of Douglas Dynamics by 132.0% during the 3rd quarter. Barclays PLC now owns 54,116 shares of the auto parts company's stock worth $1,494,000 after purchasing an additional 30,795 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Douglas Dynamics in the third quarter valued at approximately $604,000. Finally, Versor Investments LP acquired a new stake in shares of Douglas Dynamics in the third quarter valued at approximately $535,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.