Zacks Investment Research Downgrades Douglas Dynamics, Inc. (PLOW) to Hold

Douglas Dynamics, Inc. (NYSE:PLOW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Douglas Dynamics, Inc. designs, manufactures and sells snow and ice control equipment for light trucks, which is comprised of snowplows and sand and salt spreaders, and related parts and accessories. The Company sells its products under the WESTERN(R), FISHER(R) and BLIZZARD(R) brands through a distributor network, primarily consisting of truck equipment distributors located throughout the Midwest, East and Northeast regions of the United States as well as all provinces of Canada. It sells its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial, municipal and residential areas. Douglas Dynamics, Inc. is headquartered in Milwaukee, Wisconsin. “

Several other brokerages also recently commented on PLOW. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research note on Thursday, June 22nd. BidaskClub downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.00.

Shares of Douglas Dynamics (NYSE:PLOW) opened at 40.15 on Wednesday. The firm has a market cap of $906.99 million, a price-to-earnings ratio of 31.87 and a beta of 1.13. Douglas Dynamics has a 12 month low of $25.23 and a 12 month high of $41.35. The company has a 50-day moving average price of $37.22 and a 200-day moving average price of $32.84.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The business had revenue of $139.40 million for the quarter, compared to the consensus estimate of $132.33 million. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Analysts forecast that Douglas Dynamics will post $1.50 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://ledgergazette.com/2017/10/11/zacks-investment-research-downgrades-douglas-dynamics-inc-plow-to-hold.html.

In other Douglas Dynamics news, CFO Sarah C. Lauber bought 1,250 shares of Douglas Dynamics stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $36.04 per share, with a total value of $45,050.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,250 shares in the company, valued at approximately $45,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total value of $700,600.00. Following the completion of the transaction, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. grew its holdings in shares of Douglas Dynamics by 10.8% in the third quarter. Eqis Capital Management Inc. now owns 63,824 shares of the auto parts company’s stock valued at $2,515,000 after acquiring an additional 6,218 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of 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 acquiring an additional 486,195 shares in the last quarter. DF Dent & Co. Inc. grew its holdings in shares of Douglas Dynamics by 1.4% in the second quarter. DF Dent & Co. Inc. now owns 56,392 shares of the auto parts company’s stock valued at $1,855,000 after acquiring an additional 788 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Douglas Dynamics by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock valued at $584,000 after acquiring an additional 485 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Douglas Dynamics by 1.8% in the second quarter. State Street Corp now owns 435,955 shares of the auto parts company’s stock valued at $14,344,000 after acquiring a

According to Zacks, “Douglas Dynamics, Inc. designs, manufactures and sells snow and ice control equipment for light trucks, which is comprised of snowplows and sand and salt spreaders, and related parts and accessories. The Company sells its products under the WESTERN(R), FISHER(R) and BLIZZARD(R) brands through a distributor network, primarily consisting of truck equipment distributors located throughout the Midwest, East and Northeast regions of the United States as well as all provinces of Canada. It sells its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial, municipal and residential areas. Douglas Dynamics, Inc. is headquartered in Milwaukee, Wisconsin. “

Several other brokerages also recently commented on PLOW. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research note on Thursday, June 22nd. BidaskClub downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.00.

Shares of Douglas Dynamics (NYSE:PLOW) opened at 40.15 on Wednesday. The firm has a market cap of $906.99 million, a price-to-earnings ratio of 31.87 and a beta of 1.13. Douglas Dynamics has a 12 month low of $25.23 and a 12 month high of $41.35. The company has a 50-day moving average price of $37.22 and a 200-day moving average price of $32.84.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The business had revenue of $139.40 million for the quarter, compared to the consensus estimate of $132.33 million. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Analysts forecast that Douglas Dynamics will post $1.50 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://ledgergazette.com/2017/10/11/zacks-investment-research-downgrades-douglas-dynamics-inc-plow-to-hold.html.

In other Douglas Dynamics news, CFO Sarah C. Lauber bought 1,250 shares of Douglas Dynamics stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $36.04 per share, with a total value of $45,050.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,250 shares in the company, valued at approximately $45,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total value of $700,600.00. Following the completion of the transaction, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. grew its holdings in shares of Douglas Dynamics by 10.8% in the third quarter. Eqis Capital Management Inc. now owns 63,824 shares of the auto parts company’s stock valued at $2,515,000 after acquiring an additional 6,218 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of 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 acquiring an additional 486,195 shares in the last quarter. DF Dent & Co. Inc. grew its holdings in shares of Douglas Dynamics by 1.4% in the second quarter. DF Dent & Co. Inc. now owns 56,392 shares of the auto parts company’s stock valued at $1,855,000 after acquiring an additional 788 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Douglas Dynamics by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock valued at $584,000 after acquiring an additional 485 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Douglas Dynamics by 1.8% in the second quarter. State Street Corp now owns 435,955 shares of the auto parts company’s stock valued at $14,344,000 after acquiring an additional 7,771 shares in the last quarter. 89.34% of the stock is 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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