Douglas Dynamics (NYSE:PLOW - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.
PLOW has been the topic of several other reports. Robert W. Baird reduced their price objective on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. DA Davidson reiterated a "buy" rating and issued a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th.
Read Our Latest Stock Analysis on PLOW
Douglas Dynamics Price Performance
Shares of NYSE:PLOW traded down $0.29 on Wednesday, reaching $27.02. The company's stock had a trading volume of 220,867 shares, compared to its average volume of 163,358. The company has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $25.85. Douglas Dynamics has a 52-week low of $21.31 and a 52-week high of $30.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The company has a market cap of $624.05 million, a P/E ratio of 11.75, a PEG ratio of 1.14 and a beta of 1.21.
Institutional Investors Weigh In On Douglas Dynamics
Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Douglas Dynamics by 9.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,780 shares of the auto parts company's stock worth $1,625,000 after purchasing an additional 5,879 shares during the last quarter. Sovereign s Capital Management LLC acquired a new stake in shares of Douglas Dynamics in the 4th quarter worth $1,289,000. State of Wyoming purchased a new position in Douglas Dynamics during the 4th quarter worth $153,000. Systematic Financial Management LP increased its position in Douglas Dynamics by 27.9% during the 4th quarter. Systematic Financial Management LP now owns 276,453 shares of the auto parts company's stock valued at $6,533,000 after buying an additional 60,388 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Douglas Dynamics by 50.5% during the 4th quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company's stock valued at $252,000 after buying an additional 3,585 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company's stock.
Douglas Dynamics Company Profile
(
Get Free Report)
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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