Douglas Dynamics (NYSE:PLOW) Shares Gap Up to $30.73

Douglas Dynamics, Inc. (NYSE:PLOW) gapped up prior to trading on Friday . The stock had previously closed at $30.73, but opened at $31.45. Douglas Dynamics shares last traded at $31.39, with a volume of 12,827 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on PLOW shares. StockNews.com started coverage on shares of Douglas Dynamics in a research note on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet upgraded shares of Douglas Dynamics from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st.

Douglas Dynamics Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 2.02. The company’s fifty day simple moving average is $30.65 and its two-hundred day simple moving average is $30.73. The stock has a market capitalization of $729.39 million, a PE ratio of 21.45, a P/E/G ratio of 1.42 and a beta of 1.01.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, July 31st. The auto parts company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. Douglas Dynamics had a net margin of 5.79% and a return on equity of 15.34%. The firm had revenue of $207.27 million during the quarter, compared to the consensus estimate of $189.40 million. As a group, sell-side analysts predict that Douglas Dynamics, Inc. will post 1.55 EPS for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.295 per share. The ex-dividend date is Monday, September 18th. This represents a $1.18 annualized dividend and a yield of 3.72%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 79.73%.

Institutional Investors Weigh In On Douglas Dynamics

Hedge funds and other institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. purchased a new stake in shares of Douglas Dynamics during the second quarter worth about $28,000. FMR LLC grew its holdings in shares of Douglas Dynamics by 93.0% during the first quarter. FMR LLC now owns 1,073 shares of the auto parts company’s stock worth $34,000 after buying an additional 517 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Douglas Dynamics by 4,670.8% during the first quarter. NewEdge Advisors LLC now owns 1,145 shares of the auto parts company’s stock worth $37,000 after buying an additional 1,121 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth about $43,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Douglas Dynamics during the second quarter worth about $46,000. 88.92% of the stock is currently owned by hedge funds and other institutional investors.

About Douglas Dynamics

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.