Douglas Dynamics (NYSE:PLOW) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Douglas Dynamics (NYSE:PLOW) from a hold rating to a buy rating in a report released on Wednesday.

Douglas Dynamics Price Performance

PLOW opened at $25.66 on Wednesday. The firm has a market cap of $592.49 million, a PE ratio of 21.75, a P/E/G ratio of 1.24 and a beta of 1.18. The stock has a 50-day moving average price of $27.24 and a 200-day moving average price of $25.33. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $31.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.48. The business had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $181.30 million. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. During the same period in the previous year, the company earned $1.00 earnings per share. Sell-side analysts predict that Douglas Dynamics will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.295 per share. The ex-dividend date was Monday, September 16th. This represents a $1.18 annualized dividend and a yield of 4.60%. Douglas Dynamics’s dividend payout ratio is 100.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC purchased a new stake in Douglas Dynamics in the second quarter worth approximately $32,804,000. Invenomic Capital Management LP purchased a new position in Douglas Dynamics in the first quarter worth about $3,031,000. AQR Capital Management LLC increased its position in shares of Douglas Dynamics by 248.8% during the 2nd quarter. AQR Capital Management LLC now owns 158,975 shares of the auto parts company’s stock valued at $3,720,000 after purchasing an additional 113,393 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Douglas Dynamics by 92.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 226,250 shares of the auto parts company’s stock worth $5,294,000 after purchasing an additional 108,952 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Douglas Dynamics by 278.2% during the second quarter. Harbor Capital Advisors Inc. now owns 141,959 shares of the auto parts company’s stock valued at $3,322,000 after buying an additional 104,421 shares during the period. Hedge funds and other 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.