Douglas Dynamics (NYSE:PLOW) Given Buy Rating at DA Davidson

Douglas Dynamics (NYSE:PLOW)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $31.00 price target on the auto parts company’s stock. DA Davidson’s target price would indicate a potential upside of 35.91% from the company’s previous close.

Separately, Robert W. Baird restated a “neutral” rating and issued a $25.00 target price (down from $36.00) on shares of Douglas Dynamics in a research report on Monday, April 8th.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock traded up $0.32 during trading on Tuesday, reaching $22.81. The company’s stock had a trading volume of 221,928 shares, compared to its average volume of 246,266. The company has a quick ratio of 1.01, a current ratio of 2.21 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $23.55 and its 200-day moving average price is $26.19. Douglas Dynamics has a 52 week low of $21.35 and a 52 week high of $35.39. The firm has a market cap of $524.17 million, a PE ratio of 23.90, a P/E/G ratio of 1.09 and a beta of 1.14.

Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. The business had revenue of $134.25 million during the quarter, compared to analysts’ expectations of $134.00 million. Equities analysts forecast that Douglas Dynamics will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PLOW. Allspring Global Investments Holdings LLC increased its position in Douglas Dynamics by 1.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,371,391 shares of the auto parts company’s stock valued at $70,383,000 after acquiring an additional 26,423 shares during the period. Conestoga Capital Advisors LLC grew its position in shares of Douglas Dynamics by 16.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock valued at $65,056,000 after buying an additional 311,799 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Douglas Dynamics by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 902,805 shares of the auto parts company’s stock worth $26,796,000 after acquiring an additional 8,194 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Douglas Dynamics by 3.0% in the third quarter. William Blair Investment Management LLC now owns 721,639 shares of the auto parts company’s stock worth $21,779,000 after acquiring an additional 20,973 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its stake in shares of Douglas Dynamics by 32.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 364,773 shares of the auto parts company’s stock worth $11,009,000 after acquiring an additional 88,804 shares during the period. 91.85% of the stock is currently owned by institutional investors.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through 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 trucks and heavy duty trucks, as well as various related parts and accessories.