Douglas Dynamics, Inc. (NYSE:PLOW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $38.00 price target on the auto parts company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.43% from the stock’s previous close.

According to Zacks, “Douglas Dynamics, Inc. designs, manufactures and sells snow and ice control equipment for light trucks, which is comprised of snowplows and sand and salt spreaders, and related parts and accessories. The Company sells its products under the WESTERN(R), FISHER(R) and BLIZZARD(R) brands through a distributor network, primarily consisting of truck equipment distributors located throughout the Midwest, East and Northeast regions of the United States as well as all provinces of Canada. It sells its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial, municipal and residential areas. Douglas Dynamics, Inc. is headquartered in Milwaukee, Wisconsin. “

A number of other equities analysts have also weighed in on PLOW. BidaskClub lowered shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Douglas Dynamics in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.00.

Shares of Douglas Dynamics (NYSE PLOW) opened at 33.80 on Friday. Douglas Dynamics has a 1-year low of $25.23 and a 1-year high of $35.90. The stock has a market cap of $763.54 million, a PE ratio of 26.83 and a beta of 1.14. The stock has a 50 day moving average of $32.02 and a 200 day moving average of $31.63.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.11. The business had revenue of $139.40 million during the quarter, compared to analyst estimates of $132.33 million. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities research analysts forecast that Douglas Dynamics will post $1.50 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock worth $100,000 after buying an additional 20 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock worth $185,000 after buying an additional 303 shares during the last quarter. Citadel Advisors LLC bought a new stake in Douglas Dynamics during the first quarter worth about $204,000. Sapphire Star Partners LP bought a new stake in Douglas Dynamics during the first quarter worth about $214,000. Finally, Atria Investments LLC increased its stake in Douglas Dynamics by 1.5% in the second quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock worth $253,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 85.44% of the company’s stock.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.

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