ValuEngine Lowers Douglas Dynamics (PLOW) to Hold

ValuEngine cut shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other analysts also recently issued reports on PLOW. BidaskClub upgraded Douglas Dynamics from a sell rating to a hold rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Douglas Dynamics from a hold rating to a buy rating and set a $38.00 price target for the company in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $40.00.

Douglas Dynamics (NYSE:PLOW) traded down $0.90 during mid-day trading on Friday, reaching $39.85. The company’s stock had a trading volume of 92,600 shares, compared to its average volume of 98,422. The company has a quick ratio of 1.76, a current ratio of 2.97 and a debt-to-equity ratio of 1.35. The stock has a market cap of $900.25, a price-to-earnings ratio of 29.74, a PEG ratio of 1.88 and a beta of 1.12. Douglas Dynamics has a 1-year low of $28.55 and a 1-year high of $42.60.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.05). The company had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. sell-side analysts expect that Douglas Dynamics will post 1.41 EPS for the current fiscal year.

In related news, CFO Sarah C. Lauber acquired 1,250 shares of the stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $36.04 per share, for a total transaction of $45,050.00. Following the completion of the transaction, the chief financial officer now owns 1,250 shares of the company’s stock, valued at approximately $45,050. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Conestoga Capital Advisors LLC purchased a new position in shares of Douglas Dynamics during the third quarter valued at approximately $22,356,000. Westwood Holdings Group Inc. increased its stake in shares of Douglas Dynamics by 336.5% during the second quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock valued at $20,749,000 after buying an additional 486,195 shares during the period. Uniplan Investment Counsel Inc. increased its stake in shares of Douglas Dynamics by 148.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 565,102 shares of the auto parts company’s stock valued at $18,591,000 after buying an additional 337,722 shares during the period. RK Capital Management LLC purchased a new position in shares of Douglas Dynamics during the second quarter valued at approximately $9,344,000. Finally, William Blair Investment Management LLC increased its stake in shares of Douglas Dynamics by 75.7% during the second quarter. William Blair Investment Management LLC now owns 347,427 shares of the auto parts company’s stock valued at $11,430,000 after buying an additional 149,711 shares during the period. Hedge funds and other institutional investors own 90.27% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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