Douglas Dynamics (NYSE:PLOW) Upgraded at StockNews.com

StockNews.com upgraded shares of Douglas Dynamics (NYSE:PLOW) from a hold rating to a buy rating in a research report report published on Tuesday morning.

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

Douglas Dynamics Price Performance

Shares of NYSE:PLOW opened at $24.03 on Tuesday. The business has a fifty day moving average price of $24.75 and a 200-day moving average price of $25.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company has a market capitalization of $554.95 million, a PE ratio of 10.45, a PEG ratio of 1.40 and a beta of 1.21. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $30.98.

Douglas Dynamics Dividend Announcement

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 4.91%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

Institutional Investors Weigh In On Douglas Dynamics

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

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.