Douglas Dynamics, Inc. (PLOW) Raised to “Strong-Buy” at BidaskClub
Douglas Dynamics, Inc. (NYSE:PLOW) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Saturday, August 12th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $40.00.
Douglas Dynamics (PLOW) traded up 1.19% during midday trading on Friday, hitting $42.50. 51,394 shares of the stock traded hands. The stock has a 50-day moving average of $39.32 and a 200 day moving average of $33.77. Douglas Dynamics has a 52-week low of $25.23 and a 52-week high of $42.60. The firm has a market cap of $960.08 million, a PE ratio of 33.73 and a beta of 1.13.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.11. The firm had revenue of $139.40 million for the quarter, compared to analysts’ expectations of $132.33 million. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Equities analysts forecast that Douglas Dynamics will post $1.50 EPS for the current year.
In related news, CFO Sarah C. Lauber bought 1,250 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $36.04 per share, with a total value of $45,050.00. Following the completion of the transaction, the chief financial officer now directly owns 1,250 shares of the company’s stock, valued at approximately $45,050. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the completion of the transaction, the chairman now directly owns 322,790 shares in the company, valued at approximately $11,307,333.70. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in Douglas Dynamics in the first quarter valued at about $204,000. Atria Investments LLC lifted its position in Douglas Dynamics by 1.5% in the second quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock valued at $253,000 after buying an additional 112 shares during the last quarter. GW&K Investment Management LLC acquired a new position in Douglas Dynamics in the second quarter valued at about $257,000. Karp Capital Management Corp acquired a new position in Douglas Dynamics in the first quarter valued at about $297,000. Finally, Teton Advisors Inc. acquired a new position in Douglas Dynamics in the second quarter valued at about $352,000. 89.15% of the stock is currently owned by institutional investors.
About Douglas Dynamics
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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