Douglas Dynamics (NYSE:PLOW) Hits New 12-Month High – Should You Buy?

Shares of Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week high on Monday . The stock traded as high as $38.60 and last traded at $38.59, with a volume of 60173 shares traded. The stock had previously closed at $37.68.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Douglas Dynamics Stock Up 2.4%

The company has a market cap of $889.00 million, a PE ratio of 21.93, a PEG ratio of 1.26 and a beta of 1.26. The stock’s 50 day moving average price is $34.35 and its 200-day moving average price is $32.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, November 3rd. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, topping 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 business had revenue of $162.12 million for the quarter, compared to analyst estimates of $163.27 million. On average, analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a dividend of $0.295 per share. 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 currently 67.05%.

Hedge Funds Weigh In On Douglas Dynamics

A number of hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its stake in shares of Douglas Dynamics by 229.9% during the third quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 839 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Douglas Dynamics in the third quarter worth about $39,000. EverSource Wealth Advisors LLC increased its holdings in Douglas Dynamics by 85.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,266 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 583 shares during the period. New York State Teachers Retirement System bought a new position in Douglas Dynamics during the 2nd quarter valued at approximately $61,000. Finally, Tower Research Capital LLC TRC raised its position in Douglas Dynamics by 136.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 1,303 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Company Profile

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.