Douglas Dynamics (NYSE:PLOW) Given New $26.00 Price Target at Robert W. Baird

Douglas Dynamics (NYSE:PLOW - Free Report) had its price objective cut by Robert W. Baird from $30.00 to $26.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the auto parts company's stock.

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

Douglas Dynamics Price Performance

Shares of PLOW traded up $0.08 during trading hours on Wednesday, hitting $23.05. 305,470 shares of the stock were exchanged, compared to its average volume of 219,016. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.03. Douglas Dynamics has a 12-month low of $21.31 and a 12-month high of $31.39. The company has a market cap of $532.22 million, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The stock's 50-day moving average price is $27.03 and its two-hundred day moving average price is $25.36.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.55 by $0.48. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. The firm had revenue of $199.90 million during the quarter, compared to analysts' expectations of $181.30 million. During the same period in the previous year, the business earned $1.00 earnings per share. Research analysts expect that Douglas Dynamics will post 1.5 earnings per share 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 paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics's dividend payout ratio (DPR) is presently 100.00%.

Hedge Funds Weigh In On Douglas Dynamics

Hedge funds have recently bought and sold shares of the company. CWM LLC lifted its stake in Douglas Dynamics by 20,250.0% during the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company's stock worth $67,000 after acquiring an additional 2,835 shares in the last quarter. Blue Trust Inc. acquired a new position in Douglas Dynamics during the 2nd quarter worth about $100,000. SG Americas Securities LLC acquired a new position in Douglas Dynamics during the 2nd quarter worth about $117,000. Point72 Asset Management L.P. increased its holdings in Douglas Dynamics by 113.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company's stock worth $160,000 after purchasing an additional 3,636 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Douglas Dynamics during the 1st quarter worth about $196,000. 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.