Douglas Dynamics (NYSE:PLOW) Lowered to “Buy” Rating by Wall Street Zen

Douglas Dynamics (NYSE:PLOW) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Wednesday. DA Davidson set a $39.00 price target on shares of Douglas Dynamics in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $31.11 on Friday. The business’s 50 day moving average price is $31.04 and its 200 day moving average price is $30.29. The company has a market cap of $716.78 million, a price-to-earnings ratio of 11.15, a PEG ratio of 1.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. Douglas Dynamics has a one year low of $21.30 and a one year high of $34.25.

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

Hedge Funds Weigh In On Douglas Dynamics

A number of hedge funds have recently made changes to their positions in PLOW. CWM LLC raised its position in Douglas Dynamics by 5.7% in the third quarter. CWM LLC now owns 6,778 shares of the auto parts company’s stock valued at $212,000 after purchasing an additional 365 shares during the period. State of Wyoming grew its stake in shares of Douglas Dynamics by 20.0% in the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after buying an additional 405 shares in the last quarter. Aquatic Capital Management LLC raised its holdings in shares of Douglas Dynamics by 6.7% in the 3rd quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company’s stock valued at $224,000 after buying an additional 449 shares during the period. Comerica Bank lifted its stake in Douglas Dynamics by 3.2% during the 3rd quarter. Comerica Bank now owns 15,589 shares of the auto parts company’s stock worth $487,000 after acquiring an additional 478 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Douglas Dynamics by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock worth $314,000 after acquiring an additional 546 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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.