Douglas Dynamics (NYSE:PLOW) Price Target Cut to $26.00 by Analysts at Robert W. Baird

Douglas Dynamics (NYSE:PLOW) had its target price cut by Robert W. Baird from $30.00 to $26.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Separately, StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Douglas Dynamics Stock Performance

NYSE PLOW opened at $22.96 on Wednesday. The business’s 50-day moving average price is $26.81 and its 200 day moving average price is $25.35. The company has a current ratio of 2.14, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $31.39. The company has a market capitalization of $530.15 million, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.295 dividend. 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 5.14%. Douglas Dynamics’s dividend payout ratio (DPR) is 51.30%.

Institutional Trading of Douglas Dynamics

A number of institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in Douglas Dynamics by 149.0% in 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 buying an additional 211,573 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of Douglas Dynamics in the third quarter worth $604,000. Allspring Global Investments Holdings LLC increased its position 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 worth $66,755,000 after acquiring an additional 36,797 shares in the last quarter. CWM LLC raised its stake in shares of Douglas Dynamics by 42.2% in the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after acquiring an additional 1,201 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Douglas Dynamics by 58.6% during the 3rd quarter. SG Americas Securities LLC now owns 7,964 shares of the auto parts company’s stock valued at $220,000 after acquiring an additional 2,943 shares in the last quarter. 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.