Douglas Dynamics (NYSE:PLOW) Cut to “Hold” at StockNews.com

Douglas Dynamics (NYSE:PLOW) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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

Douglas Dynamics Stock Up 0.3 %

Shares of PLOW opened at $23.05 on Thursday. The business’s 50 day moving average is $27.03 and its 200 day moving average is $25.36. The company has a market capitalization of $532.22 million, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. Douglas Dynamics has a 12-month low of $21.31 and a 12-month high of $31.39. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.48. The company had revenue of $199.90 million for the quarter, compared to the consensus estimate of $181.30 million. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. During the same quarter last year, the company earned $1.00 EPS. Research analysts expect that Douglas Dynamics will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Douglas Dynamics

Large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Douglas Dynamics by 20,250.0% in 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 2nd quarter worth approximately $100,000. SG Americas Securities LLC purchased a new position in shares of Douglas Dynamics in the 2nd quarter worth approximately $117,000. Point72 Asset Management L.P. boosted its holdings in shares of Douglas Dynamics by 113.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after purchasing an additional 3,636 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Douglas Dynamics in the 1st quarter worth approximately $196,000. 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.