Douglas Dynamics, Inc. (PLOW) Stock Rating Lowered by Zacks Investment Research
Douglas Dynamics, Inc. (NYSE:PLOW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
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. “
Separately, BidaskClub downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Douglas Dynamics currently has an average rating of “Hold” and a consensus price target of $40.00.
Douglas Dynamics (NYSE PLOW) opened at $39.80 on Tuesday. Douglas Dynamics has a twelve month low of $28.55 and a twelve month high of $42.60. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $899.12, a P/E ratio of 29.70 and a beta of 1.16.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The company had revenue of $125.30 million for the quarter, compared to analyst estimates of $133.53 million. During the same quarter last year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts forecast that Douglas Dynamics will post 1.45 EPS for the current year.
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In other Douglas Dynamics news, CFO Sarah C. Lauber purchased 1,250 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $36.04 per share, for a total transaction of $45,050.00. Following the completion of the purchase, the chief financial officer now directly owns 1,250 shares of the company’s stock, valued at $45,050. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman James L. Janik sold 20,000 shares of Douglas Dynamics stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total transaction of $700,600.00. Following the sale, the chairman now owns 322,790 shares in the company, valued at approximately $11,307,333.70. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in Douglas Dynamics by 2.6% during the second quarter. Wells Fargo & Company MN now owns 1,471,309 shares of the auto parts company’s stock worth $48,406,000 after buying an additional 37,147 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Douglas Dynamics by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,389,370 shares of the auto parts company’s stock worth $45,710,000 after buying an additional 82,348 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in Douglas Dynamics by 0.6% during the third quarter. Mawer Investment Management Ltd. now owns 1,214,331 shares of the auto parts company’s stock worth $47,845,000 after buying an additional 7,330 shares in the last quarter. Vanguard Group Inc. boosted its stake in Douglas Dynamics by 2.2% during the second quarter. Vanguard Group Inc. now owns 914,005 shares of the auto parts company’s stock worth $30,071,000 after buying an additional 20,006 shares in the last quarter. Finally, Bernzott Capital Advisors boosted its stake in Douglas Dynamics by 5.2% during the second quarter. Bernzott Capital Advisors now owns 858,629 shares of the auto parts company’s stock worth $28,249,000 after buying an additional 42,650 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.
About Douglas Dynamics
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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