Shares of Douglas Dynamics Inc (NYSE:PLOW) have been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $42.00.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Douglas Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Douglas Dynamics (NYSE PLOW) traded up $1.00 during trading hours on Friday, hitting $41.25. The stock had a trading volume of 122,256 shares, compared to its average volume of 60,096. The company has a market cap of $909.28, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35. Douglas Dynamics has a 1 year low of $28.55 and a 1 year high of $42.60.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 18th. This represents a $0.96 annualized dividend and a dividend yield of 2.33%. Douglas Dynamics’s dividend payout ratio is currently 71.64%.
In other Douglas Dynamics news, SVP Keith Hagelin acquired 3,400 shares of the company’s stock in a transaction that occurred on Saturday, March 17th. The stock was acquired at an average cost of $29.35 per share, for a total transaction of $99,790.00. Following the transaction, the senior vice president now directly owns 82,090 shares in the company, valued at $2,409,341.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert L. Mccormick sold 15,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $40.08, for a total value of $601,200.00. Following the sale, the vice president now owns 116,263 shares of the company’s stock, valued at $4,659,821.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,673 shares of company stock valued at $2,910,522. 3.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of PLOW. Conestoga Capital Advisors LLC bought a new position in Douglas Dynamics in the third quarter valued at about $22,356,000. Westwood Holdings Group Inc. raised its position in Douglas Dynamics by 336.5% in the second quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock valued at $20,749,000 after purchasing an additional 486,195 shares during the last quarter. Lazard Asset Management LLC raised its position in Douglas Dynamics by 29.7% in the second quarter. Lazard Asset Management LLC now owns 545,674 shares of the auto parts company’s stock valued at $17,952,000 after purchasing an additional 125,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Douglas Dynamics by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,389,370 shares of the auto parts company’s stock valued at $45,710,000 after purchasing an additional 82,348 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Douglas Dynamics in the third quarter valued at about $2,339,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.
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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