Douglas Dynamics (NYSE:PLOW) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Separately, Robert W. Baird decreased their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

Douglas Dynamics Price Performance

Shares of NYSE PLOW opened at $25.85 on Thursday. 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 has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The stock has a market cap of $596.97 million, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.21. The stock has a fifty day moving average of $24.73 and a 200-day moving average of $25.82.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.295 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.56%. Douglas Dynamics’s payout ratio is currently 51.30%.

Institutional Investors Weigh In On Douglas Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in PLOW. American Century Companies Inc. grew its position in Douglas Dynamics by 10.0% during the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock worth $600,000 after buying an additional 2,329 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Douglas Dynamics by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock valued at $20,590,000 after acquiring an additional 14,835 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Douglas Dynamics by 13.5% during the second quarter. Sei Investments Co. now owns 80,403 shares of the auto parts company’s stock worth $1,881,000 after purchasing an additional 9,541 shares in the last quarter. Bank of Montreal Can increased its position in shares of Douglas Dynamics by 44.1% in the second quarter. Bank of Montreal Can now owns 28,166 shares of the auto parts company’s stock worth $659,000 after purchasing an additional 8,616 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Douglas Dynamics by 81.7% in the second quarter. Cubist Systematic Strategies LLC now owns 77,836 shares of the auto parts company’s stock valued at $1,821,000 after purchasing an additional 34,997 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Company Profile

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.