Douglas Dynamics (PLOW) Receives “Hold” Rating from Robert W. Baird
Robert W. Baird reiterated their hold rating on shares of Douglas Dynamics (NYSE:PLOW) in a report released on Thursday. Robert W. Baird currently has a $44.00 price target on the auto parts company’s stock.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Douglas Dynamics from a sell rating to a hold rating in a research report on Wednesday, January 10th. ValuEngine downgraded Douglas Dynamics from a buy rating to a hold rating in a research report on Friday, December 1st. Craig Hallum set a $50.00 price objective on Douglas Dynamics and gave the company a buy rating in a research report on Wednesday, February 28th. Finally, BidaskClub downgraded Douglas Dynamics from a strong-buy rating to a buy rating in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Douglas Dynamics currently has an average rating of Buy and an average price target of $47.67.
Shares of Douglas Dynamics (PLOW) opened at $42.95 on Thursday. Douglas Dynamics has a 12-month low of $28.55 and a 12-month high of $45.30. The firm has a market capitalization of $970.28, a PE ratio of 30.68, a P/E/G ratio of 1.49 and a beta of 1.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.76 and a current ratio of 2.97.
In other Douglas Dynamics news, CEO James L. Janik sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $37.47, for a total value of $936,750.00. Following the completion of the sale, the chief executive officer now owns 297,790 shares of the company’s stock, valued at $11,158,191.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James L. Janik sold 21,080 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.27, for a total value of $785,651.60. Following the completion of the sale, the chief executive officer now directly owns 297,790 shares of the company’s stock, valued at approximately $11,098,633.30. The disclosure for this sale can be found here. In the last three months, insiders sold 76,673 shares of company stock valued at $2,910,522. Corporate insiders own 3.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of PLOW. Conestoga Capital Advisors LLC acquired a new stake in Douglas Dynamics in the third quarter worth about $22,356,000. Eagle Asset Management Inc. acquired a new stake in Douglas Dynamics in the fourth quarter worth about $2,470,000. Ameriprise Financial Inc. acquired a new stake in Douglas Dynamics in the third quarter worth about $2,339,000. FMR LLC boosted its holdings in Douglas Dynamics by 49.6% in the second quarter. FMR LLC now owns 150,976 shares of the auto parts company’s stock worth $4,967,000 after acquiring an additional 50,044 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Douglas Dynamics by 10.0% in the fourth quarter. Lazard Asset Management LLC now owns 536,913 shares of the auto parts company’s stock worth $20,295,000 after acquiring an additional 48,710 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
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Douglas Dynamics Company Profile
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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