Douglas Dynamics (NYSE:PLOW) Sets New 12-Month Low – Time to Sell?

Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week low during trading on Wednesday . The company traded as low as $23.50 and last traded at $23.93, with a volume of 173040 shares trading hands. The stock had previously closed at $24.04.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLOW. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reissued a “buy” rating and issued a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Stock Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm has a market cap of $552.74 million, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.14 and a beta of 1.17. The firm has a fifty day simple moving average of $24.11 and a two-hundred day simple moving average of $24.75.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 50.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. ARGA Investment Management LP acquired a new stake in Douglas Dynamics in the first quarter valued at about $381,000. Envestnet Asset Management Inc. lifted its holdings in shares of Douglas Dynamics by 58.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 54,145 shares of the auto parts company’s stock valued at $1,258,000 after acquiring an additional 19,997 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Douglas Dynamics by 72.7% during the 1st quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company’s stock worth $3,071,000 after buying an additional 55,657 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Douglas Dynamics by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company’s stock worth $57,032,000 after purchasing an additional 11,297 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Douglas Dynamics by 3.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 367,673 shares of the auto parts company’s stock valued at $8,541,000 after acquiring an additional 11,696 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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.