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

Douglas Dynamics (NYSE:PLOW) was downgraded by stock 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 cut their price target on 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 Stock Performance

NYSE PLOW opened at $23.76 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $24.77 and its two-hundred day moving average is $25.67. The stock has a market capitalization of $548.71 million, a price-to-earnings ratio of 10.33, a PEG ratio of 1.40 and a beta of 1.21. Douglas Dynamics has a 12-month low of $21.31 and a 12-month high of $30.98.

Institutional Trading of Douglas Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in PLOW. Pzena Investment Management LLC increased its holdings in shares of 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. Harbor Capital Advisors Inc. lifted its stake in shares of Douglas Dynamics by 149.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock worth $9,750,000 after acquiring an additional 211,573 shares during the period. DF Dent & Co. Inc. boosted its holdings in shares of 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 valued at $23,599,000 after acquiring an additional 178,018 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Douglas Dynamics by 248.8% during the second quarter. AQR Capital Management LLC now owns 158,975 shares of the auto parts company’s stock valued at $3,720,000 after acquiring an additional 113,393 shares during the period. Finally, Dean Investment Associates LLC bought a new stake in Douglas Dynamics during the third quarter worth approximately $2,676,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.