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

Douglas Dynamics, Inc. (NYSE:PLOW) hit a new 52-week high during trading on Tuesday . The stock traded as high as $42.26 and last traded at $42.06, with a volume of 1672 shares traded. The stock had previously closed at $41.07.

Analysts Set New Price Targets

PLOW has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of Douglas Dynamics in a research report 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Douglas Dynamics Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01. The company has a 50-day moving average of $36.18 and a 200-day moving average of $33.19. The stock has a market capitalization of $973.56 million, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.41 and a beta of 1.26.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.8%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 67.05%.

Institutional Investors Weigh In On Douglas Dynamics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Douglas Dynamics by 28.3% during the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company’s stock valued at $2,045,000 after buying an additional 19,447 shares during the period. AQR Capital Management LLC lifted its stake in shares of Douglas Dynamics by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock worth $2,636,000 after purchasing an additional 10,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Douglas Dynamics by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock worth $314,000 after purchasing an additional 546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Douglas Dynamics by 11.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company’s stock valued at $1,777,000 after purchasing an additional 7,733 shares during the period. Finally, CWM LLC lifted its position in Douglas Dynamics by 18.8% during the second quarter. CWM LLC now owns 6,413 shares of the auto parts company’s stock worth $189,000 after buying an additional 1,013 shares during the period. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

About Douglas Dynamics

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.