Robert W. Baird Has Lowered Expectations for Douglas Dynamics (NYSE:PLOW) Stock Price

Douglas Dynamics (NYSE:PLOW) had its price objective dropped by research analysts at Robert W. Baird from $30.00 to $26.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price objective points to a potential upside of 14.74% from the company’s previous close.

Separately, StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Douglas Dynamics Trading Down 1.7 %

Shares of PLOW stock opened at $22.66 on Wednesday. Douglas Dynamics has a 52-week low of $21.31 and a 52-week high of $31.39. The stock has a market cap of $523.22 million, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 2.14. The firm has a fifty day moving average of $27.03 and a 200-day moving average of $25.36.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.48. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The company had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $181.30 million. During the same quarter in the prior year, the company posted $1.00 EPS. On average, equities research analysts forecast that Douglas Dynamics will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Douglas Dynamics

Several large investors have recently made changes to their positions in PLOW. Prosperity Consulting Group LLC bought a new stake in shares of Douglas Dynamics in the 1st quarter worth about $308,000. BNP Paribas Financial Markets grew its holdings in shares of Douglas Dynamics by 260.6% in the 1st quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company’s stock worth $2,171,000 after purchasing an additional 65,042 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Douglas Dynamics by 206.6% during the 1st quarter. GSA Capital Partners LLP now owns 53,624 shares of the auto parts company’s stock worth $1,293,000 after acquiring an additional 36,134 shares during the last quarter. Quantbot Technologies LP bought a new stake in Douglas Dynamics during the 1st quarter worth about $196,000. Finally, Anchor Capital Advisors LLC grew its holdings in Douglas Dynamics by 25.9% during the 1st quarter. Anchor Capital Advisors LLC now owns 72,344 shares of the auto parts company’s stock worth $1,745,000 after acquiring an additional 14,893 shares during the last quarter. 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.