Douglas Dynamics (NYSE:PLOW) Rating Lowered to Neutral at Sidoti

Douglas Dynamics (NYSE:PLOW) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Briefing.com Automated Import reports.

Separately, Zacks Investment Research lowered shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th.

Douglas Dynamics stock traded down $1.05 during mid-day trading on Tuesday, hitting $54.87. The company’s stock had a trading volume of 28,903 shares, compared to its average volume of 89,245. The company has a quick ratio of 1.28, a current ratio of 2.14 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.28 billion, a P/E ratio of 29.03 and a beta of 0.60. Douglas Dynamics has a twelve month low of $34.27 and a twelve month high of $56.78. The stock’s fifty day moving average price is $55.02 and its two-hundred day moving average price is $46.72.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Douglas Dynamics had a net margin of 9.29% and a return on equity of 17.76%. The firm had revenue of $141.87 million during the quarter, compared to analyst estimates of $132.90 million. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Equities analysts expect that Douglas Dynamics will post 2.24 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $26,000. Bank of Montreal Can boosted its stake in shares of Douglas Dynamics by 393.1% during the 2nd quarter. Bank of Montreal Can now owns 2,367 shares of the auto parts company’s stock valued at $94,000 after buying an additional 1,887 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Douglas Dynamics by 332.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,903 shares of the auto parts company’s stock valued at $154,000 after buying an additional 3,000 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $201,000. Finally, Brinker Capital Inc. acquired a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $203,000. 90.20% of the stock is owned by institutional investors.

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.

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