Douglas Dynamics (NYSE:PLOW) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Douglas Dynamics, Inc. (NYSE:PLOW) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.21 and traded as high as $31.01. Douglas Dynamics shares last traded at $29.9210, with a volume of 117,289 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PLOW shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Thursday. DA Davidson set a $39.00 price target on Douglas Dynamics in a research report on Thursday, November 6th. Finally, Wall Street Zen upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Douglas Dynamics Price Performance

The company’s fifty day moving average is $31.25 and its two-hundred day moving average is $30.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The firm has a market cap of $689.41 million, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.13 and a beta of 1.30.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, November 3rd. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. Equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.18 annualized dividend and a yield of 3.9%. Douglas Dynamics’s payout ratio is 67.05%.

Institutional Trading of Douglas Dynamics

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Douglas Dynamics during the third quarter worth $39,000. EverSource Wealth Advisors LLC boosted its position in Douglas Dynamics by 85.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,266 shares of the auto parts company’s stock valued at $40,000 after buying an additional 583 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Douglas Dynamics during the second quarter valued at about $61,000. Tower Research Capital LLC TRC increased its position in shares of Douglas Dynamics by 136.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Douglas Dynamics during the first quarter worth about $53,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Company Profile

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.