Douglas Dynamics (NYSE:PLOW) Given “Buy” Rating at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Douglas Dynamics (NYSE:PLOW) in a research note released on Tuesday, Benzinga reports. DA Davidson currently has a $31.00 price objective on the auto parts company’s stock.

Separately, Robert W. Baird restated a neutral rating and issued a $25.00 target price (down from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $22.64 on Tuesday. The business’s fifty day simple moving average is $23.55 and its 200 day simple moving average is $26.19. The firm has a market capitalization of $520.27 million, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. Douglas Dynamics has a 12 month low of $21.35 and a 12 month high of $35.39. The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.12. The firm had revenue of $134.25 million for the quarter, compared to analyst estimates of $134.00 million. Douglas Dynamics had a return on equity of 10.18% and a net margin of 4.18%. As a group, analysts anticipate that Douglas Dynamics will post 1.46 EPS for the current year.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.18 annualized dividend and a dividend yield of 5.21%. Douglas Dynamics’s payout ratio is presently 122.92%.

Hedge Funds Weigh In On Douglas Dynamics

Hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Douglas Dynamics in the fourth quarter valued at $50,000. Simplex Trading LLC purchased a new position in shares of Douglas Dynamics in the fourth quarter valued at $57,000. SG Americas Securities LLC purchased a new position in shares of Douglas Dynamics in the third quarter valued at $124,000. Quest Partners LLC purchased a new position in shares of Douglas Dynamics in the fourth quarter valued at $150,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Douglas Dynamics in the fourth quarter valued at $207,000. 91.85% of the stock is currently owned by hedge funds and other 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.