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

StockNews.com downgraded shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Separately, Robert W. Baird decreased their price target 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 Douglas Dynamics stock opened at $25.96 on Thursday. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $30.98. The firm has a fifty day simple moving average of $24.71 and a 200-day simple moving average of $25.76. 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 stock has a market capitalization of $599.52 million, a price-to-earnings ratio of 11.29, a PEG ratio of 1.11 and a beta of 1.21.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s payout ratio is presently 51.30%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. R Squared Ltd bought a new stake in Douglas Dynamics in the 4th quarter valued at $49,000. FMR LLC grew its holdings in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 1,229 shares during the last quarter. CWM LLC increased its position in shares of Douglas Dynamics by 42.2% during the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock worth $112,000 after purchasing an additional 1,201 shares in the last quarter. Quest Partners LLC bought a new position in Douglas Dynamics during the 3rd quarter valued at about $118,000. Finally, Point72 Asset Management L.P. grew its stake in Douglas Dynamics by 113.6% during the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after buying an additional 3,636 shares during the last quarter. 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.