Douglas Dynamics (NYSE:PLOW) Stock Rating Upgraded by Wall Street Zen

Douglas Dynamics (NYSE:PLOW) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Robert W. Baird dropped their price target on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, DA Davidson set a $57.00 price objective on shares of Douglas Dynamics in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Douglas Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

Douglas Dynamics Trading Down 0.1%

NYSE:PLOW opened at $36.31 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.97 and a quick ratio of 1.13. Douglas Dynamics has a one year low of $29.41 and a one year high of $55.00. The company has a market cap of $838.13 million, a PE ratio of 13.16, a PEG ratio of 0.80 and a beta of 1.14. The firm has a 50-day moving average of $39.82 and a 200-day moving average of $42.99.

Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, November 2nd. The auto parts company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The firm had revenue of $218.01 million during the quarter, compared to analyst estimates of $218.60 million. Douglas Dynamics had a return on equity of 22.97% and a net margin of 8.71%. As a group, equities research analysts expect that Douglas Dynamics will post 2.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Douglas Dynamics during the second quarter valued at about $109,009,000. Allspring Global Investments Holdings LLC grew its stake in shares of Douglas Dynamics by 2.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,582,621 shares of the auto parts company’s stock valued at $62,830,000 after buying an additional 44,905 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of Douglas Dynamics during the second quarter valued at about $74,703,000. Punch & Associates Investment Management Inc. bought a new position in shares of Douglas Dynamics during the second quarter valued at about $35,570,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Douglas Dynamics by 128.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock worth $22,673,000 after buying an additional 303,077 shares during the period. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a manufacturer of equipment used for snow and ice management. The company’s products are designed for commercial, municipal and residential applications and include snowplows, spreaders, de-icing equipment and related attachments for light-, medium- and heavy-duty trucks.

Its portfolio includes products marketed under brands such as WESTERN, FISHER, BLIZZARD, SnowEx and Henderson. The company offers vehicle-mounted snow and ice control equipment, salt and material spreaders, liquid de-icing systems, truck bodies and other solutions intended to help contractors, municipalities and commercial operators clear roads, parking areas and other paved surfaces.

Founded in 1946, Douglas Dynamics is headquartered in Milwaukee, Wisconsin, and primarily serves customers in North America through equipment dealers, distributors and other commercial channels.