Douglas Dynamics (NYSE:PLOW) Upgraded at StockNews.com

StockNews.com upgraded shares of Douglas Dynamics (NYSE:PLOW) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Separately, Robert W. Baird decreased their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW opened at $23.58 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The stock has a 50 day moving average price of $24.70 and a 200 day moving average price of $25.64. The stock has a market capitalization of $544.56 million, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. Douglas Dynamics has a 52 week low of $21.31 and a 52 week high of $30.98.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in shares of Douglas Dynamics by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 262,424 shares of the auto parts company’s stock valued at $6,141,000 after purchasing an additional 8,952 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Douglas Dynamics by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock worth $794,000 after buying an additional 2,870 shares during the period. American Century Companies Inc. grew its stake in Douglas Dynamics by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after buying an additional 2,329 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Douglas Dynamics by 20.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,969 shares of the auto parts company’s stock valued at $444,000 after acquiring an additional 3,247 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in Douglas Dynamics by 9.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 157,212 shares of the auto parts company’s stock worth $3,679,000 after acquiring an additional 13,253 shares during the last quarter. Institutional investors and hedge funds 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.