Douglas Dynamics (NYSE:PLOW) Shares Gap Down - Should You Sell?

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $26.06, but opened at $24.00. Douglas Dynamics shares last traded at $23.59, with a volume of 37,845 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd.

Douglas Dynamics Stock Down 11.9 %

The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04. The company has a market cap of $530.38 million, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The company has a fifty day moving average price of $27.21 and a 200 day moving average price of $25.37.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.48. The firm had revenue of $199.90 million for 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 quarter last year, the business posted $1.00 earnings per share. As a group, analysts anticipate that Douglas Dynamics, Inc. will post 1.5 EPS for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.295 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.18 annualized dividend and a yield of 5.14%. Douglas Dynamics's payout ratio is 100.00%.

Institutional Trading of Douglas Dynamics

Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Douglas Dynamics by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company's stock worth $207,000 after acquiring an additional 441 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Douglas Dynamics by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company's stock valued at $587,000 after purchasing an additional 939 shares in the last quarter. CWM LLC grew its holdings in shares of Douglas Dynamics by 42.2% during the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company's stock worth $112,000 after purchasing an additional 1,201 shares during the period. American Century Companies Inc. increased its holdings in shares of Douglas Dynamics by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company's stock valued at $600,000 after acquiring an additional 2,329 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Douglas Dynamics by 9.2% in the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company's stock valued at $794,000 after buying an additional 2,870 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

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.