DA Davidson Reiterates Buy Rating for Douglas Dynamics (NYSE:PLOW)

Douglas Dynamics (NYSE:PLOW)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $32.00 price target on the auto parts company’s stock. DA Davidson’s target price suggests a potential upside of 19.03% from the stock’s current price.

Several other brokerages have also recently weighed in on PLOW. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Robert W. Baird cut their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW traded up $1.49 on Tuesday, reaching $26.89. 72,627 shares of the company’s stock were exchanged, compared to its average volume of 152,771. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $30.98. The company has a fifty day moving average of $24.83 and a 200-day moving average of $25.83. The company has a market capitalization of $620.88 million, a price-to-earnings ratio of 11.59, a PEG ratio of 1.14 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Institutional Trading of Douglas Dynamics

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its position in Douglas Dynamics by 109.6% in the third quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company’s stock valued at $1,839,000 after buying an additional 34,873 shares in the last quarter. Barclays PLC lifted its position in shares of Douglas Dynamics by 132.0% in the 3rd quarter. Barclays PLC now owns 54,116 shares of the auto parts company’s stock worth $1,494,000 after purchasing an additional 30,795 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Douglas Dynamics by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock valued at $57,819,000 after acquiring an additional 20,233 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Douglas Dynamics during the 3rd quarter worth about $604,000. Finally, Versor Investments LP acquired a new stake in shares of Douglas Dynamics during the 3rd quarter worth approximately $535,000. 91.85% of the stock is currently owned by institutional investors.

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.