Douglas Dynamics (NYSE:PLOW) Stock Rating Lowered by Zacks Research

Douglas Dynamics (NYSE:PLOW) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Robert W. Baird set a $56.00 price objective on shares of Douglas Dynamics in a research note on Wednesday, May 6th. Freedom Capital upgraded shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. DA Davidson upped their target price on shares of Douglas Dynamics from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Moderate Buy” and an average price target of $54.67.

Douglas Dynamics Stock Down 5.5%

Shares of Douglas Dynamics stock opened at $44.32 on Monday. Douglas Dynamics has a twelve month low of $27.62 and a twelve month high of $55.00. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. The company has a current ratio of 2.65, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $46.80 and a 200 day moving average price of $42.66.

Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, May 4th. The auto parts company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.The company had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. Equities research analysts forecast that Douglas Dynamics will post 2.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Douglas Dynamics

Large investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in Douglas Dynamics during the first quarter valued at approximately $220,000. Glenmede Trust Co. NA bought a new stake in shares of Douglas Dynamics in the 1st quarter valued at approximately $208,000. Bank of America Corp DE raised its position in shares of Douglas Dynamics by 6.5% during the 1st quarter. Bank of America Corp DE now owns 289,552 shares of the auto parts company’s stock valued at $12,187,000 after acquiring an additional 17,717 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Douglas Dynamics by 43.1% during the 1st quarter. Janus Henderson Group PLC now owns 113,791 shares of the auto parts company’s stock valued at $4,790,000 after acquiring an additional 34,297 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Douglas Dynamics by 79.6% during the first quarter. Quantinno Capital Management LP now owns 41,148 shares of the auto parts company’s stock worth $1,732,000 after purchasing an additional 18,235 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

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.