Douglas Dynamics (NYSE:PLOW) Shares Gap Down – What’s Next?

Douglas Dynamics, Inc. (NYSE:PLOW) shares gapped down prior to trading on Tuesday . The stock had previously closed at $26.06, but opened at $24.00. Douglas Dynamics shares last traded at $23.59, with a volume of 37,845 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Douglas Dynamics Trading Down 12.0 %

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.03. The firm has a market cap of $529.68 million, a price-to-earnings ratio of 19.99, a PEG ratio of 1.22 and a beta of 1.18. The business has a fifty day simple moving average of $27.21 and a 200-day simple moving average of $25.37.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.48. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. The company had revenue of $199.90 million during the quarter, compared to the consensus estimate of $181.30 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. As a group, equities analysts forecast that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s payout ratio is currently 100.00%.

Institutional Trading of Douglas Dynamics

Several institutional investors have recently modified their holdings of the business. CWM LLC increased its position in Douglas Dynamics by 20,250.0% during the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 2,835 shares during the period. Blue Trust Inc. bought a new stake in shares of Douglas Dynamics in the 2nd quarter valued at $100,000. SG Americas Securities LLC acquired a new stake in shares of Douglas Dynamics during the second quarter worth $117,000. Point72 Asset Management L.P. raised its stake in Douglas Dynamics by 113.6% during the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after buying an additional 3,636 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Douglas Dynamics in the first quarter valued at $196,000. 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.