Douglas Dynamics (NYSE:PLOW) Raised to “Buy” at StockNews.com

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

Several other research analysts also recently commented on PLOW. Robert W. Baird reduced their price objective on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. DA Davidson restated a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday.

Douglas Dynamics Price Performance

Shares of PLOW stock opened at $27.30 on Wednesday. The company’s 50-day simple moving average is $25.00 and its two-hundred day simple moving average is $25.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics has a one year low of $21.31 and a one year high of $30.98. The company has a market capitalization of $630.44 million, a P/E ratio of 11.87, a P/E/G ratio of 1.14 and a beta of 1.21.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in shares of Douglas Dynamics in the 4th quarter worth approximately $49,000. FMR LLC grew its stake in shares of Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 1,229 shares during the last quarter. US Bancorp DE grew its stake in shares of Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 413 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Douglas Dynamics during the third quarter valued at about $118,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Douglas Dynamics in the 4th quarter valued at approximately $111,000. 91.85% of the stock is 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.