StockNews.com Downgrades Douglas Dynamics (NYSE:PLOW) to Hold

Douglas Dynamics (NYSE:PLOW) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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

Douglas Dynamics Stock Down 0.5 %

Douglas Dynamics stock opened at $25.85 on Thursday. The stock has a 50-day simple moving average of $24.73 and a 200-day simple moving average of $25.79. The company has a market capitalization of $596.97 million, a P/E ratio of 11.24, a PEG ratio of 1.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $30.98.

Institutional Trading of Douglas Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Douglas Dynamics by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock valued at $66,755,000 after acquiring an additional 36,797 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Douglas Dynamics by 15.9% during the third quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock worth $44,813,000 after buying an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Douglas Dynamics by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after buying an additional 14,835 shares during the period. DF Dent & Co. Inc. increased its holdings in Douglas Dynamics by 26.3% in the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock valued at $23,599,000 after buying an additional 178,018 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Douglas Dynamics by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company’s stock valued at $14,247,000 after acquiring an additional 6,657 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Company Profile

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.