BidaskClub Downgrades Douglas Dynamics, Inc. (PLOW) to Hold

BidaskClub cut shares of Douglas Dynamics, Inc. (NYSE:PLOW) from a buy rating to a hold rating in a research note published on Wednesday, July 12th.

Separately, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Douglas Dynamics in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $42.00.

Douglas Dynamics (NYSE PLOW) opened at 33.80 on Wednesday. Douglas Dynamics has a one year low of $25.23 and a one year high of $35.90. The stock has a market cap of $763.54 million, a price-to-earnings ratio of 26.83 and a beta of 1.14. The firm’s 50 day moving average price is $32.02 and its 200 day moving average price is $31.63.

Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.11. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The firm had revenue of $139.40 million during the quarter, compared to the consensus estimate of $132.33 million. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue was up 22.5% on a year-over-year basis. Equities analysts forecast that Douglas Dynamics will post $1.50 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock worth $100,000 after buying an additional 20 shares during the period. ClariVest Asset Management LLC boosted its stake in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock valued at $185,000 after buying an additional 303 shares during the last quarter. Citadel Advisors LLC bought a new stake in Douglas Dynamics during the first quarter valued at $204,000. Sapphire Star Partners LP bought a new stake in Douglas Dynamics during the first quarter valued at $214,000. Finally, Atria Investments LLC boosted its stake in Douglas Dynamics by 1.5% in the second quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock valued at $253,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.

About Douglas Dynamics

Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.

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