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

StockNews.com downgraded shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Separately, Robert W. Baird decreased their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Douglas Dynamics Stock Up 1.4 %

PLOW stock opened at $22.96 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.04. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $31.39. The firm has a market capitalization of $530.15 million, a PE ratio of 9.98, a P/E/G ratio of 1.24 and a beta of 1.19. The company’s 50 day simple moving average is $26.81 and its 200-day simple moving average is $25.38.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s payout ratio is 51.30%.

Hedge Funds Weigh In On Douglas Dynamics

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of 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 purchasing an additional 2,835 shares during the period. Blue Trust Inc. purchased a new position in shares of Douglas Dynamics in the second quarter valued at $100,000. SG Americas Securities LLC acquired a new stake in Douglas Dynamics during the 2nd quarter valued at $117,000. Point72 Asset Management L.P. increased its stake 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 buying an additional 3,636 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Douglas Dynamics in the 1st quarter worth $196,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

About Douglas Dynamics

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.