Douglas Dynamics (NYSE:PLOW) Trading 6.7% Higher – Still a Buy?

Douglas Dynamics, Inc. (NYSE:PLOW) was up 6.7% on Tuesday . The stock traded as high as $28.73 and last traded at $27.11. Approximately 47,623 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 151,553 shares. The stock had previously closed at $25.40.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLOW. DA Davidson restated a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday. 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 note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd.

Douglas Dynamics Stock Up 4.1 %

The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The firm has a market cap of $610.37 million, a P/E ratio of 11.50, a P/E/G ratio of 1.14 and a beta of 1.21. The business has a fifty day moving average of $24.83 and a 200 day moving average of $25.83.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.295 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.18 annualized dividend and a yield of 4.46%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Institutional Trading of Douglas Dynamics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Douglas Dynamics during the 4th quarter worth about $49,000. FMR LLC grew its holdings in Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 1,229 shares during the period. US Bancorp DE increased its position in Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after buying an additional 413 shares during the last quarter. Quest Partners LLC bought a new stake in Douglas Dynamics in the third quarter valued at approximately $118,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at approximately $111,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.