Robert W. Baird Cuts Douglas Dynamics (NYSE:PLOW) Price Target to $26.00

Douglas Dynamics (NYSE:PLOW) had its price objective lowered by Robert W. Baird from $30.00 to $26.00 in a research report released on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

Separately, StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Douglas Dynamics Stock Up 1.4 %

Shares of NYSE:PLOW opened at $22.96 on Wednesday. The business has a 50 day simple moving average of $26.81 and a two-hundred day simple moving average of $25.35. The firm has a market capitalization of $530.15 million, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.04. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $31.39.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.18 annualized dividend and a yield of 5.14%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds and other institutional investors have recently bought and sold shares of PLOW. Harbor Capital Advisors Inc. raised its holdings in shares of Douglas Dynamics by 149.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after purchasing an additional 211,573 shares in the last quarter. BluePath Capital Management LLC purchased a new position in Douglas Dynamics during the 3rd quarter worth $604,000. Allspring Global Investments Holdings LLC increased its position in Douglas Dynamics by 1.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock valued at $66,755,000 after acquiring an additional 36,797 shares during the period. CWM LLC raised its stake in shares of Douglas Dynamics by 42.2% during the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock worth $112,000 after purchasing an additional 1,201 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Douglas Dynamics by 58.6% during the third quarter. SG Americas Securities LLC now owns 7,964 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 2,943 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.