Douglas Dynamics, Inc. (PLOW) Coverage Dropped by Analysts at Oppenheimer Holdings, Inc.
Stock analysts at Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics, Inc. (NYSE:PLOW) in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also recently issued reports on PLOW. Sidoti began coverage on shares of Douglas Dynamics in a research report on Monday, February 27th. They set a “buy” rating on the stock. Zacks Investment Research cut shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.00.
Shares of Douglas Dynamics (NYSE:PLOW) traded up 0.48% during mid-day trading on Thursday, hitting $31.10. The stock had a trading volume of 31,252 shares. Douglas Dynamics has a 1-year low of $23.37 and a 1-year high of $35.90. The company has a market cap of $702.55 million, a P/E ratio of 23.40 and a beta of 1.20. The firm’s 50 day moving average price is $30.40 and its 200 day moving average price is $31.90.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, May 8th. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.08. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $78.34 million. Douglas Dynamics had a return on equity of 15.78% and a net margin of 6.83%. Douglas Dynamics’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. Analysts predict that Douglas Dynamics will post $1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.10%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 72.18%.
Several institutional investors have recently added to or reduced their stakes in PLOW. Toronto Dominion Bank boosted its position in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock worth $100,000 after buying an additional 20 shares during the period. ClariVest Asset Management LLC boosted its position in shares of Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock valued at $185,000 after buying an additional 303 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Douglas Dynamics during the first quarter valued at $204,000. Sapphire Star Partners LP acquired a new position in shares of Douglas Dynamics during the first quarter valued at $214,000. Finally, Blair William & Co. IL acquired a new position in shares of Douglas Dynamics during the first quarter valued at $275,000. 85.66% of the stock is currently owned by institutional investors.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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