Douglas Dynamics Inc (NYSE:PLOW)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $38.63 and traded as high as $39.77. Douglas Dynamics shares last traded at $39.68, with a volume of 388 shares.
Several brokerages recently commented on PLOW. TheStreet downgraded Stitch Fix from a “c-” rating to a “d+” rating in a research note on Monday, May 6th. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th.
The firm has a market capitalization of $910.91 million, a price-to-earnings ratio of 21.10 and a beta of 0.68. The company has a current ratio of 2.80, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. The business has a 50 day simple moving average of $38.63.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, May 6th. The auto parts company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. Douglas Dynamics had a return on equity of 16.34% and a net margin of 8.53%. The firm had revenue of $93.20 million for the quarter, compared to the consensus estimate of $84.37 million. During the same quarter last year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Douglas Dynamics Inc will post 1.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were paid a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Monday, June 17th. Douglas Dynamics’s dividend payout ratio is 57.67%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Research & Management Co. acquired a new stake in shares of Douglas Dynamics in the 1st quarter valued at about $38,000. Quantamental Technologies LLC acquired a new stake in shares of Douglas Dynamics in the 1st quarter valued at about $50,000. SG Americas Securities LLC acquired a new stake in shares of Douglas Dynamics in the 1st quarter valued at about $120,000. Legal & General Group Plc raised its stake in shares of Douglas Dynamics by 12.5% in the 4th quarter. Legal & General Group Plc now owns 4,205 shares of the auto parts company’s stock valued at $151,000 after purchasing an additional 466 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Douglas Dynamics by 2,498.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,625 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 4,447 shares during the period. 89.62% of the stock is currently owned by hedge funds and other institutional investors.
About Douglas Dynamics (NYSE:PLOW)
Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.
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