Douglas Dynamics (NYSE:PLOW) has received an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.67.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Robert W. Baird restated a “hold” rating and issued a $44.00 price target on shares of Douglas Dynamics in a report on Thursday, March 1st. Finally, Craig Hallum set a $50.00 price objective on shares of Douglas Dynamics and gave the stock a “buy” rating in a research note on Wednesday, February 28th.
In related news, Chairman James L. Janik sold 18,085 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total value of $786,516.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Young sold 818 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total transaction of $35,574.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,138 shares of company stock valued at $1,223,722. 3.10% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Douglas Dynamics by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,439,822 shares of the auto parts company’s stock worth $54,427,000 after acquiring an additional 17,350 shares during the period. Wells Fargo & Company MN lifted its stake in Douglas Dynamics by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,367,851 shares of the auto parts company’s stock worth $51,705,000 after acquiring an additional 4,154 shares during the period. Conestoga Capital Advisors LLC lifted its stake in Douglas Dynamics by 25.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 712,865 shares of the auto parts company’s stock worth $26,946,000 after acquiring an additional 145,465 shares during the period. Lazard Asset Management LLC lifted its stake in Douglas Dynamics by 10.0% in the fourth quarter. Lazard Asset Management LLC now owns 536,913 shares of the auto parts company’s stock worth $20,295,000 after acquiring an additional 48,710 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in Douglas Dynamics by 8.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 113,353 shares of the auto parts company’s stock worth $4,285,000 after acquiring an additional 8,679 shares during the period. 90.79% of the stock is owned by institutional investors.
NYSE PLOW opened at $45.40 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1,025.63, a PE ratio of 32.43, a P/E/G ratio of 1.52 and a beta of 1.19. Douglas Dynamics has a 12 month low of $28.55 and a 12 month high of $47.40.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $135.33 million. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.04%. equities research analysts anticipate that Douglas Dynamics will post 2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 22nd were paid a $0.265 dividend. The ex-dividend date was Wednesday, March 21st. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.24. This represents a $1.06 dividend on an annualized basis and a yield of 2.33%. Douglas Dynamics’s dividend payout ratio is 77.94%.
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About Douglas Dynamics
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.
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