Douglas Dynamics Inc Declares Quarterly Dividend of $0.22 (PLOW)
Douglas Dynamics (NASDAQ:PLOW) announced a quarterly dividend on Monday, June 9th, American Banking News reports. Shareholders of record on Friday, June 20th will be paid a dividend of 0.2175 per share on Monday, June 30th. This represents a $0.87 annualized dividend and a dividend yield of 4.86%.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Douglas Dynamics from $17.00 to $18.00 in a research note on Wednesday, March 12th. Finally, analysts at Zacks upgraded shares of Douglas Dynamics from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 11th. They now have a $17.30 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.43.
Shares of Douglas Dynamics (NASDAQ:PLOW) traded down 0.33% on Monday, hitting $17.91. 94,399 shares of the company’s stock traded hands. Douglas Dynamics has a 52-week low of $12.72 and a 52-week high of $18.55. The stock has a 50-day moving average of $17.34 and a 200-day moving average of $16.59. The company has a market cap of $398.9 million and a P/E ratio of 24.68.
Douglas Dynamics (NASDAQ:PLOW) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.12. The company had revenue of $36.40 million for the quarter, compared to the consensus estimate of $23.73 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 158.2% on a year-over-year basis. Analysts expect that Douglas Dynamics will post $0.97 EPS for the current fiscal year.
In other Douglas Dynamics news, CFO Robert L. Mccormick sold 11,500 shares of Douglas Dynamics stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $17.68, for a total value of $203,320.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Douglas Dynamics, Inc is engaged in the design, manufacture and sale of snow and ice control equipment for light trucks, which consists of snowplows, sand and salt spreaders, and related parts and accessories.
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