Douglas Dynamics (NYSE:PLOW) Receives Buy Rating from DA Davidson

Douglas Dynamics (NYSE:PLOW)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They presently have a $32.00 target price on the auto parts company’s stock. DA Davidson’s price target would indicate a potential upside of 19.03% from the stock’s previous close.

Other analysts have also issued reports about the company. StockNews.com lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Robert W. Baird reduced their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

Douglas Dynamics Price Performance

Shares of PLOW stock traded up $1.49 during trading hours on Tuesday, hitting $26.89. The company had a trading volume of 72,627 shares, compared to its average volume of 152,771. The firm has a market capitalization of $620.88 million, a price-to-earnings ratio of 11.59, a PEG ratio of 1.14 and a beta of 1.21. The firm’s fifty day moving average is $24.83 and its 200 day moving average is $25.83. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14.

Institutional Trading of Douglas Dynamics

Institutional investors have recently modified their holdings of the company. BluePath Capital Management LLC bought a new stake in shares of Douglas Dynamics in the third quarter worth $604,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Douglas Dynamics by 149.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after buying an additional 211,573 shares during the last quarter. Versor Investments LP bought a new stake in Douglas Dynamics during the third quarter worth $535,000. GSA Capital Partners LLP bought a new position in shares of Douglas Dynamics in the 3rd quarter valued at about $504,000. Finally, Victory Capital Management Inc. bought a new position in Douglas Dynamics during the third quarter worth about $207,000. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Company Profile

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.