Douglas Dynamics (NYSE:PLOW) Sets New 52-Week Low – What’s Next?

Douglas Dynamics, Inc. (NYSE:PLOW)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $21.30 and last traded at $22.27, with a volume of 44355 shares. The stock had previously closed at $22.41.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLOW. DA Davidson restated a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

Douglas Dynamics Stock Performance

The business’s 50-day moving average is $24.76 and its 200-day moving average is $25.10. The company has a market capitalization of $520.40 million, a PE ratio of 9.80, a PEG ratio of 1.14 and a beta of 1.17. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.24%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 50.43%.

Institutional Investors Weigh In On Douglas Dynamics

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in Douglas Dynamics by 3.9% during the first quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company’s stock valued at $797,000 after purchasing an additional 1,286 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Douglas Dynamics by 3,811.8% in the first quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company’s stock worth $316,000 after buying an additional 13,265 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Douglas Dynamics by 53.6% during the 1st quarter. First Hawaiian Bank now owns 28,738 shares of the auto parts company’s stock worth $668,000 after purchasing an additional 10,030 shares during the period. Wellington Management Group LLP grew its position in shares of Douglas Dynamics by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company’s stock valued at $6,625,000 after acquiring an additional 750 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Douglas Dynamics by 9.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,780 shares of the auto parts company’s stock valued at $1,625,000 after buying an additional 5,879 shares in the last quarter. Institutional investors 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.