Douglas Dynamics (PLOW) Given News Sentiment Rating of 0.23
Press coverage about Douglas Dynamics (NYSE:PLOW) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Douglas Dynamics earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave press coverage about the auto parts company an impact score of 46.2334520612263 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Top Ranked Momentum Stocks to Buy for March 22nd (zacks.com)
- EX-Dividend Schedule: Douglas Dynamics Boosted its Dividend by 10%; Will Trade Ex-Dividend on March 21, 2018 (finance.yahoo.com)
- Douglas Dynamics Inc (NYSE:PLOW): Ex-Dividend Is In 3 Days, Should You Buy? (finance.yahoo.com)
- Douglas Dynamics Inc (PLOW) Plans Quarterly Dividend of $0.27 (americanbankingnews.com)
A number of equities analysts have commented on PLOW shares. ValuEngine downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Saturday, March 3rd. Craig Hallum set a $50.00 price objective on shares of Douglas Dynamics and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Douglas Dynamics in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Douglas Dynamics presently has an average rating of “Buy” and a consensus price target of $47.67.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.04%. The firm had revenue of $137.97 million during the quarter, compared to the consensus estimate of $135.33 million. equities analysts forecast that Douglas Dynamics will post 2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.265 per share. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.06 annualized dividend and a dividend yield of 2.40%. Douglas Dynamics’s payout ratio is 40.00%.
In other news, insider Andrew Dejana sold 741 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total transaction of $32,226.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert L. Mccormick sold 15,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $40.08, for a total transaction of $601,200.00. Following the transaction, the vice president now directly owns 116,263 shares of the company’s stock, valued at approximately $4,659,821.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,138 shares of company stock valued at $1,824,922. Corporate insiders own 3.20% of the company’s stock.
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Douglas Dynamics Company Profile
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light and heavy duty trucks, as well as various related parts and accessories.
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