Douglas Dynamics (NYSE:PLOW) Cut to Hold at StockNews.com

StockNews.com lowered shares of Douglas Dynamics (NYSE:PLOW - Free Report) from a buy rating to a hold rating in a research note published on Wednesday.

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

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW traded up $0.59 on Wednesday, reaching $24.28. 148,041 shares of the company's stock were exchanged, compared to its average volume of 216,282. The business's 50-day moving average is $24.77 and its two-hundred day moving average is $25.67. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The firm has a market capitalization of $560.72 million, a price-to-earnings ratio of 10.56, a PEG ratio of 1.40 and a beta of 1.21.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.86%. Douglas Dynamics's dividend payout ratio is currently 51.30%.

Institutional Trading of Douglas Dynamics

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Douglas Dynamics by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company's stock valued at $66,755,000 after purchasing an additional 36,797 shares during the period. Pzena Investment Management LLC grew its holdings in Douglas Dynamics by 15.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company's stock worth $44,813,000 after buying an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Douglas Dynamics by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company's stock valued at $20,590,000 after acquiring an additional 14,835 shares during the period. DF Dent & Co. Inc. raised its stake in Douglas Dynamics by 26.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company's stock valued at $23,599,000 after acquiring an additional 178,018 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Douglas Dynamics by 1.3% during the third quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company's stock valued at $14,247,000 after purchasing an additional 6,657 shares in the last quarter. 91.85% of the stock is currently owned by 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.