Short Interest in Douglas Dynamics, Inc. (NYSE:PLOW) Grows By 28.8%

Douglas Dynamics, Inc. (NYSE:PLOW) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 361,941 shares, an increase of 28.8% from the December 31st total of 280,975 shares. Based on an average trading volume of 159,798 shares, the short-interest ratio is currently 2.3 days. Approximately 1.6% of the shares of the stock are sold short. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 159,798 shares, the short-interest ratio is currently 2.3 days.

Douglas Dynamics Price Performance

PLOW stock traded up $0.78 during midday trading on Monday, reaching $38.46. 269,249 shares of the stock were exchanged, compared to its average volume of 178,413. The stock has a market capitalization of $886.12 million, a PE ratio of 21.85, a P/E/G ratio of 1.26 and a beta of 1.26. Douglas Dynamics has a 52 week low of $21.30 and a 52 week high of $38.67. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.09. The company has a fifty day moving average price of $34.48 and a 200 day moving average price of $32.38.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.The firm had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. As a group, analysts expect that Douglas Dynamics will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is presently 67.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PLOW shares. Wall Street Zen downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Monday, December 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $39.00 target price on shares of Douglas Dynamics in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Institutional Investors Weigh In On Douglas Dynamics

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at about $312,000. Comerica Bank increased its position in Douglas Dynamics by 2.6% during the 4th quarter. Comerica Bank now owns 15,996 shares of the auto parts company’s stock valued at $522,000 after purchasing an additional 407 shares during the period. Kestra Private Wealth Services LLC increased its position in Douglas Dynamics by 3.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 23,970 shares of the auto parts company’s stock valued at $783,000 after purchasing an additional 894 shares during the period. Sanctuary Advisors LLC raised its holdings in Douglas Dynamics by 2.8% during the 4th quarter. Sanctuary Advisors LLC now owns 20,589 shares of the auto parts company’s stock worth $672,000 after purchasing an additional 563 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Douglas Dynamics by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,478,522 shares of the auto parts company’s stock worth $48,274,000 after purchasing an additional 5,465 shares during the period. Institutional investors own 91.85% of the company’s stock.

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.