BidaskClub upgraded shares of Douglas Dynamics, Inc. (NYSE:PLOW) from a buy rating to a strong-buy rating in a research note released on Friday, October 27th.
Separately, Zacks Investment Research cut Douglas Dynamics from a buy rating to a hold rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $40.00.
Shares of Douglas Dynamics (NYSE:PLOW) traded up $0.40 during mid-day trading on Friday, hitting $39.80. The stock had a trading volume of 49,000 shares, compared to its average volume of 100,469. The company has a current ratio of 2.97, a quick ratio of 1.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $889.52, a PE ratio of 29.38 and a beta of 1.16. Douglas Dynamics has a one year low of $28.55 and a one year high of $42.60.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to the consensus estimate of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. analysts anticipate that Douglas Dynamics will post 1.54 EPS for the current year.
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In other Douglas Dynamics news, CFO Sarah C. Lauber bought 1,250 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average cost of $36.04 per share, with a total value of $45,050.00. Following the purchase, the chief financial officer now owns 1,250 shares in the company, valued at $45,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James L. Janik sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total value of $700,600.00. Following the sale, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cadence Capital Management LLC increased its stake in Douglas Dynamics by 98.1% during the 3rd quarter. Cadence Capital Management LLC now owns 37,874 shares of the auto parts company’s stock worth $1,492,000 after purchasing an additional 18,754 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in shares of Douglas Dynamics by 0.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,214,331 shares of the auto parts company’s stock worth $47,845,000 after acquiring an additional 7,330 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of Douglas Dynamics during the 3rd quarter worth approximately $343,000. Ameriprise Financial Inc. bought a new position in shares of Douglas Dynamics during the 3rd quarter worth approximately $2,339,000. Finally, SG Americas Securities LLC grew its stake in shares of Douglas Dynamics by 8.2% during the 3rd quarter. SG Americas Securities LLC now owns 23,801 shares of the auto parts company’s stock worth $938,000 after acquiring an additional 1,795 shares in the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.
About Douglas Dynamics
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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