Douglas Dynamics (NYSE:PLOW) Hits New 1-Year High – Should You Buy?

Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.67 and last traded at $40.4850, with a volume of 24030 shares. The stock had previously closed at $40.37.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PLOW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a report on Monday, December 29th. DA Davidson reissued a “buy” rating and set a $39.00 target price on shares of Douglas Dynamics in a research note on Monday, December 8th. Finally, Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Douglas Dynamics Price Performance

The stock has a market cap of $957.54 million, a PE ratio of 23.61, a P/E/G ratio of 1.36 and a beta of 1.26. The business has a fifty day simple moving average of $35.59 and a two-hundred day simple moving average of $32.88. The company has a current ratio of 2.01, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $0.295 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 2.8%. Douglas Dynamics’s dividend payout ratio is 67.05%.

Institutional Trading of Douglas Dynamics

A number of hedge funds and other institutional investors have recently modified their holdings of PLOW. Inceptionr LLC purchased a new position in Douglas Dynamics during the 4th quarter valued at about $376,000. 1492 Capital Management LLC increased its stake in shares of Douglas Dynamics by 3.5% during the fourth quarter. 1492 Capital Management LLC now owns 85,290 shares of the auto parts company’s stock valued at $2,785,000 after purchasing an additional 2,857 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Douglas Dynamics by 3.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 139,500 shares of the auto parts company’s stock valued at $4,555,000 after purchasing an additional 5,100 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of Douglas Dynamics by 7.8% during the fourth quarter. Systematic Financial Management LP now owns 334,028 shares of the auto parts company’s stock valued at $10,906,000 after purchasing an additional 24,055 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $266,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.