Douglas Dynamics, Inc. (NYSE:PLOW) Stock Has Average Target Price of $51.67 According to Analysts

Douglas Dynamics, Inc. (NYSE:PLOW) has earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $51.67.

Several research firms recently issued reports on PLOW. Robert W. Baird lowered their price objective on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. DA Davidson set a $57.00 target price on Douglas Dynamics in a report on Tuesday, August 4th. Wall Street Zen upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, Zacks Research raised Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 2nd.

Hedge Funds Weigh In On Douglas Dynamics

A number of hedge funds have recently bought and sold shares of PLOW. Public Employees Retirement System of Ohio bought a new position in Douglas Dynamics during the 2nd quarter valued at about $27,000. Sterling Capital Management LLC boosted its holdings in shares of Douglas Dynamics by 471.5% during the 3rd quarter. Sterling Capital Management LLC now owns 743 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 613 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Douglas Dynamics during the 2nd quarter valued at about $76,000. Nisa Investment Advisors LLC grew its stake in shares of Douglas Dynamics by 48.9% in the third quarter. Nisa Investment Advisors LLC now owns 3,559 shares of the auto parts company’s stock worth $140,000 after acquiring an additional 1,169 shares during the period. Finally, Glenmede Trust Co. NA bought a new stake in shares of Douglas Dynamics in the first quarter worth approximately $208,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Trading Up 1.3%

Shares of NYSE PLOW opened at $37.83 on Thursday. The firm’s 50 day moving average price is $39.60 and its 200-day moving average price is $42.99. Douglas Dynamics has a 52-week low of $29.41 and a 52-week high of $55.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.97. The company has a market cap of $873.09 million, a PE ratio of 13.71, a P/E/G ratio of 0.82 and a beta of 1.14.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, November 2nd. The auto parts company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. The company had revenue of $218.01 million during the quarter, compared to the consensus estimate of $218.60 million. Douglas Dynamics had a net margin of 8.71% and a return on equity of 22.97%. On average, equities research analysts expect that Douglas Dynamics will post 2.83 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.2950 dividend. This represents a $1.18 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, September 15th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 42.75%.

About Douglas Dynamics

Douglas Dynamics, Inc. designs, manufactures and sells equipment and attachments for work trucks, with a primary focus on products used for snow and ice control. Its offerings include snowplows, spreaders and related equipment for commercial, municipal and government customers. The company serves the work-truck market through brands including WESTERN, FISHER and SnowEx. Its products are distributed through dealer networks, with service and support provided through those channels. Founded in 1948, Douglas Dynamics has expanded beyond snow and ice equipment into additional work-truck solutions, including truck bodies and related equipment.