Douglas Dynamics (NYSE:PLOW) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Douglas Dynamics (NYSE:PLOW) from a hold rating to a sell rating in a report released on Wednesday morning, ValuEngine reports.

A number of other research firms also recently weighed in on PLOW. Sidoti downgraded shares of Douglas Dynamics from a buy rating to a neutral rating and set a $61.00 price target for the company. in a research note on Tuesday. Zacks Investment Research downgraded Douglas Dynamics from a strong-buy rating to a hold rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $56.33.

Shares of PLOW traded up $1.26 during mid-day trading on Wednesday, reaching $56.37. The company had a trading volume of 1,842 shares, compared to its average volume of 95,963. Douglas Dynamics has a twelve month low of $34.27 and a twelve month high of $56.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 1.28. The company’s 50-day moving average is $55.04 and its 200-day moving average is $46.87. The company has a market capitalization of $1.26 billion, a P/E ratio of 29.68 and a beta of 0.60.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The business had revenue of $141.87 million for the quarter, compared to analyst estimates of $132.90 million. Douglas Dynamics had a return on equity of 17.76% and a net margin of 9.29%. Douglas Dynamics’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. As a group, equities analysts expect that Douglas Dynamics will post 2.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a dividend of $0.2725 per share. The ex-dividend date was Thursday, December 19th. This represents a $1.09 annualized dividend and a dividend yield of 1.93%. Douglas Dynamics’s payout ratio is currently 57.67%.

Large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in Douglas Dynamics in the second quarter valued at approximately $26,000. Corbenic Partners LLC acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at $28,000. Bank of Montreal Can increased its position in shares of Douglas Dynamics by 393.1% in 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Douglas Dynamics by 332.2% in 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 in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Douglas Dynamics during the 2nd quarter worth $201,000. Institutional investors and hedge funds 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.

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