Douglas Dynamics, Inc. (NYSE:PLOW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
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. “
Separately, BidaskClub raised Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Douglas Dynamics presently has an average rating of “Hold” and a consensus target price of $40.00.
Douglas Dynamics (PLOW) opened at $39.45 on Tuesday. Douglas Dynamics has a 1-year low of $28.55 and a 1-year high of $42.60. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $908.15, a PE ratio of 30.00 and a beta of 1.16.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The business had revenue of $125.30 million for the quarter, compared to the consensus estimate of $133.53 million. During the same quarter last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts forecast that Douglas Dynamics will post 1.45 earnings per share for the current fiscal year.
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In other Douglas Dynamics news, Chairman James L. Janik sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total transaction of $700,600.00. Following the transaction, the chairman now owns 322,790 shares of the company’s stock, valued at approximately $11,307,333.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah C. Lauber purchased 1,250 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 1,250 shares in the company, valued at $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the business. DF Dent & Co. Inc. increased its position in shares of Douglas Dynamics by 12.6% during the 3rd quarter. DF Dent & Co. Inc. now owns 63,511 shares of the auto parts company’s stock worth $2,502,000 after purchasing an additional 7,119 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Douglas Dynamics during the 3rd quarter worth approximately $267,000. Granahan Investment Management Inc. MA increased its position in shares of Douglas Dynamics by 5.6% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 295,969 shares of the auto parts company’s stock worth $11,661,000 after purchasing an additional 15,758 shares during the last quarter. Zions Bancorporation acquired a new position in shares of Douglas Dynamics during the 3rd quarter worth approximately $100,000. Finally, Cadence Capital Management LLC increased its position in shares of Douglas Dynamics by 98.1% during the 3rd quarter. Cadence Capital Management LLC now owns 37,874 shares of the auto parts company’s stock worth $1,492,000 after purchasing an additional 18,754 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
Douglas Dynamics Company Profile
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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