DA Davidson Reiterates “Buy” Rating for Douglas Dynamics (NYSE:PLOW)

DA Davidson restated their buy rating on shares of Douglas Dynamics (NYSE:PLOW) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $32.00 price objective on the auto parts company’s stock.

PLOW has been the topic of several other reports. Robert W. Baird dropped their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd.

Douglas Dynamics Trading Up 5.8 %

Douglas Dynamics stock opened at $26.87 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $24.87 and its two-hundred day simple moving average is $25.83. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $30.98. The company has a market capitalization of $620.47 million, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PLOW. BluePath Capital Management LLC purchased a new position in shares of Douglas Dynamics in the third quarter worth $604,000. Harbor Capital Advisors Inc. increased its position in Douglas Dynamics by 149.0% during the third quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after acquiring an additional 211,573 shares during the last quarter. Versor Investments LP purchased a new stake in Douglas Dynamics during the third quarter valued at $535,000. GSA Capital Partners LLP purchased a new stake in Douglas Dynamics during the third quarter valued at $504,000. Finally, Victory Capital Management Inc. purchased a new stake in Douglas Dynamics during the third quarter valued at $207,000. Hedge funds and other institutional investors 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.