Douglas Dynamics (NYSE:PLOW) Stock Rating Lowered by StockNews.com

Douglas Dynamics (NYSE:PLOW) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Robert W. Baird cut their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday.

Douglas Dynamics Price Performance

Shares of PLOW opened at $22.98 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.04. The company’s fifty day moving average price is $26.81 and its 200-day moving average price is $25.35. Douglas Dynamics has a 1-year low of $21.31 and a 1-year high of $31.39. The firm has a market capitalization of $530.61 million, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

Institutional Investors Weigh In On Douglas Dynamics

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC grew its position in Douglas Dynamics by 20,250.0% during the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after buying an additional 2,835 shares during the period. Blue Trust Inc. acquired a new position in shares of Douglas Dynamics during the second quarter valued at approximately $100,000. SG Americas Securities LLC purchased a new position in Douglas Dynamics in the 2nd quarter valued at $117,000. Point72 Asset Management L.P. boosted its position 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 acquiring an additional 3,636 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Douglas Dynamics in the 1st quarter worth approximately $196,000. Institutional investors and hedge funds 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.