Douglas Dynamics, Inc. (NYSE:PLOW) Sees Significant Growth in Short Interest

Douglas Dynamics, Inc. (NYSE:PLOW) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 447,952 shares, an increase of 23.8% from the January 15th total of 361,941 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 208,571 shares, the days-to-cover ratio is currently 2.1 days. Based on an average trading volume of 208,571 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds and other institutional investors have recently made changes to their positions in PLOW. Gamco Investors INC. ET AL purchased a new stake in Douglas Dynamics during the 2nd quarter worth approximately $3,080,000. SG Americas Securities LLC purchased a new position in Douglas Dynamics in the 3rd quarter valued at approximately $1,013,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Douglas Dynamics during the second quarter worth $2,640,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Douglas Dynamics during the third quarter worth $864,000. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Douglas Dynamics in the third quarter valued at $738,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PLOW shares. DA Davidson reaffirmed a “buy” rating and set a $39.00 target price on shares of Douglas Dynamics in a report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Douglas Dynamics Stock Up 2.8%

PLOW opened at $42.21 on Tuesday. The company has a market cap of $972.40 million, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26. Douglas Dynamics has a twelve month low of $21.30 and a twelve month high of $42.26. The company has a 50-day moving average price of $36.18 and a 200 day moving average price of $33.19. The company has a quick ratio of 1.09, a current ratio of 2.01 and a debt-to-equity ratio of 0.50.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 67.05%.

About Douglas Dynamics

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.