Sidoti cut shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a neutral rating in a report published on Tuesday morning, BenzingaRatingsTable reports. Sidoti currently has $61.00 price objective on the auto parts company’s stock.
Separately, Zacks Investment Research downgraded Douglas Dynamics from a strong-buy rating to a hold rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $56.33.
Shares of NYSE PLOW opened at $54.22 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.28 and a current ratio of 2.14. The company has a market cap of $1.28 billion, a PE ratio of 28.69 and a beta of 0.60. The business has a 50-day simple moving average of $55.01 and a two-hundred day simple moving average of $46.80. Douglas Dynamics has a fifty-two week low of $34.27 and a fifty-two week high of $56.78.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $141.87 million during the quarter, compared to the consensus estimate of $132.90 million. Douglas Dynamics had a return on equity of 17.76% and a net margin of 9.29%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. On average, sell-side analysts predict that Douglas Dynamics will post 2.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, December 19th. Douglas Dynamics’s payout ratio is 57.67%.
Large investors have recently made changes to their positions in the company. Corbenic Partners LLC purchased a new position in shares of Douglas Dynamics in the fourth quarter worth about $28,000. Point72 Hong Kong Ltd purchased a new position in shares of Douglas Dynamics in the second quarter worth about $26,000. Bank of Montreal Can raised its stake in shares of Douglas Dynamics by 393.1% in the second quarter. Bank of Montreal Can now owns 2,367 shares of the auto parts company’s stock worth $94,000 after purchasing an additional 1,887 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Douglas Dynamics by 332.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,903 shares of the auto parts company’s stock worth $154,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Brinker Capital Inc. purchased a new position in shares of Douglas Dynamics in the third quarter worth about $203,000. Hedge funds and other institutional investors own 90.20% 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 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.
Further Reading: Differences Between Momentum Investing and Long Term Investing
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.