Zacks Research Downgrades Douglas Dynamics (NYSE:PLOW) to Strong Sell

Douglas Dynamics (NYSE:PLOW) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on the company. Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. DA Davidson set a $57.00 price objective on Douglas Dynamics in a research report on Tuesday. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Robert W. Baird cut their target price on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings cut Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Douglas Dynamics presently has an average rating of “Hold” and a consensus target price of $51.67.

Douglas Dynamics Trading Up 2.3%

NYSE PLOW opened at $45.62 on Tuesday. Douglas Dynamics has a 52 week low of $28.52 and a 52 week high of $55.00. The firm has a 50 day moving average of $46.51 and a two-hundred day moving average of $44.14. The company has a quick ratio of 0.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.05 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.20.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The business had revenue of $214.65 million for the quarter, compared to analyst estimates of $219.45 million. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. As a group, research analysts expect that Douglas Dynamics will post 2.62 EPS for the current fiscal year.

Institutional Trading of Douglas Dynamics

A number of large investors have recently made changes to their positions in PLOW. Oppenheimer Asset Management Inc. acquired a new position in Douglas Dynamics during the second quarter worth approximately $221,000. Hennion & Walsh Asset Management Inc. lifted its stake in Douglas Dynamics by 32.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 28,419 shares of the auto parts company’s stock valued at $1,533,000 after buying an additional 7,009 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Douglas Dynamics in the first quarter valued at approximately $220,000. Glenmede Trust Co. NA acquired a new stake in shares of Douglas Dynamics in the first quarter valued at approximately $208,000. Finally, Bank of America Corp DE grew its position in shares of Douglas Dynamics by 6.5% during the first quarter. Bank of America Corp DE now owns 289,552 shares of the auto parts company’s stock worth $12,187,000 after acquiring an additional 17,717 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

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.