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

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

Separately, Robert W. Baird cut their target price on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday.

Douglas Dynamics Stock Performance

PLOW traded down $0.40 during trading on Thursday, hitting $22.66. The stock had a trading volume of 442,906 shares, compared to its average volume of 220,076. The company has a 50 day moving average price of $27.03 and a 200-day moving average price of $25.36. The firm has a market cap of $523.31 million, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.22 and a beta of 1.18. Douglas Dynamics has a one year low of $21.31 and a one year high of $31.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.48. The firm had revenue of $199.90 million during the quarter, compared to the consensus estimate of $181.30 million. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. During the same period in the prior year, the company posted $1.00 EPS. As a group, research analysts predict that Douglas Dynamics will post 1.5 EPS for the current year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.21%. Douglas Dynamics's dividend payout ratio (DPR) is currently 51.30%.

Hedge Funds Weigh In On Douglas Dynamics

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Douglas Dynamics by 260.6% during the 1st quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company's stock worth $2,171,000 after buying an additional 65,042 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Douglas Dynamics by 206.6% during the 1st quarter. GSA Capital Partners LLP now owns 53,624 shares of the auto parts company's stock worth $1,293,000 after buying an additional 36,134 shares in the last quarter. Pacific Ridge Capital Partners LLC acquired a new position in shares of Douglas Dynamics during the 2nd quarter worth $486,000. ProShare Advisors LLC raised its holdings in shares of Douglas Dynamics by 12.8% during the 1st quarter. ProShare Advisors LLC now owns 305,716 shares of the auto parts company's stock worth $7,374,000 after buying an additional 34,724 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Douglas Dynamics by 43,985.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company's stock worth $217,000 after buying an additional 9,237 shares in the last quarter. Institutional investors and hedge funds 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.