Douglas Dynamics (NYSE:PLOW) Stock Rating Lowered by StockNews.com

Douglas Dynamics (NYSE:PLOW) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, Robert W. Baird reduced their price objective 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 Up 0.8 %

Shares of NYSE:PLOW opened at $24.46 on Wednesday. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $30.98. The firm has a market capitalization of $564.67 million, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. 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 firm’s 50-day moving average is $24.74 and its two-hundred day moving average is $25.66.

Institutional Investors Weigh In On Douglas Dynamics

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC raised its position in Douglas Dynamics by 109.6% in the third quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company’s stock worth $1,839,000 after acquiring an additional 34,873 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new position in Douglas Dynamics in the second quarter worth $486,000. Barclays PLC raised its position in Douglas Dynamics by 132.0% in the third quarter. Barclays PLC now owns 54,116 shares of the auto parts company’s stock worth $1,494,000 after acquiring an additional 30,795 shares in the last quarter. BluePath Capital Management LLC purchased a new position in Douglas Dynamics in the third quarter worth $604,000. Finally, Versor Investments LP purchased a new position in Douglas Dynamics in the third quarter worth $535,000. Hedge funds and other institutional investors 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.