BidaskClub upgraded shares of Douglas Dynamics, Inc. (NYSE:PLOW) from a buy rating to a strong-buy rating in a research note published on Friday, October 27th.
Separately, Zacks Investment Research upgraded Douglas Dynamics from a sell rating to a hold rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $40.00.
Douglas Dynamics (NYSE:PLOW) opened at $39.80 on Friday. The firm has a market capitalization of $899.12, a PE ratio of 29.70 and a beta of 1.16. 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 12-month low of $28.55 and a 12-month high of $42.60.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $133.53 million. Douglas Dynamics had a return on equity of 13.98% and a net margin of 6.59%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. sell-side analysts forecast that Douglas Dynamics will post 1.45 EPS for the current year.
In other news, Chairman James L. Janik sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the sale, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah C. Lauber acquired 1,250 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were bought at an average cost of $36.04 per share, for a total transaction of $45,050.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,250 shares of the company’s stock, valued at $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in shares of Douglas Dynamics in the first quarter worth about $204,000. Principal Financial Group Inc. acquired a new position in shares of Douglas Dynamics in the third quarter worth about $233,000. Sapphire Star Partners LP acquired a new position in shares of Douglas Dynamics in the third quarter worth about $242,000. Atria Investments LLC raised its position in shares of Douglas Dynamics by 1.5% in the second quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 112 shares during the period. Finally, GW&K Investment Management LLC acquired a new position in shares of Douglas Dynamics in the second quarter worth about $257,000. 91.43% 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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