Douglas Dynamics (NYSE:PLOW) Rating Increased to Hold at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Douglas Dynamics (NYSE:PLOW) from a strong sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “Douglas Dynamics, Inc. designs, manufactures and sells snow and ice control equipment for light trucks, which is comprised of snowplows and sand and salt spreaders, and related parts and accessories. The Company sells its products under the WESTERN(R), FISHER(R) and BLIZZARD(R) brands through a distributor network, primarily consisting of truck equipment distributors located throughout the Midwest, East and Northeast regions of the United States as well as all provinces of Canada. It sells its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial, municipal and residential areas. Douglas Dynamics, Inc. is headquartered in Milwaukee, Wisconsin. “

Separately, TheStreet cut shares of Stitch Fix from a c- rating to a d+ rating in a research note on Monday, May 6th.

PLOW stock opened at $40.12 on Wednesday. The stock has a market cap of $898.82 million, a PE ratio of 21.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 0.95. Douglas Dynamics has a one year low of $33.54 and a one year high of $49.40. The stock has a 50 day moving average price of $38.50.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 6th. The auto parts company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. The firm had revenue of $93.20 million during the quarter, compared to analysts’ expectations of $84.37 million. Douglas Dynamics had a net margin of 8.53% and a return on equity of 16.34%. Douglas Dynamics’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. On average, equities analysts anticipate that Douglas Dynamics will post 1.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were paid a $0.273 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.09 annualized dividend and a yield of 2.72%. Douglas Dynamics’s payout ratio is currently 57.67%.

A number of hedge funds have recently added to or reduced their stakes in the business. American Research & Management Co. acquired a new position in shares of Douglas Dynamics in the 1st quarter valued at $38,000. Quantamental Technologies LLC acquired a new position in shares of Douglas Dynamics in the 1st quarter valued at $50,000. SG Americas Securities LLC acquired a new position in shares of Douglas Dynamics in the 1st quarter valued at $120,000. Legal & General Group Plc boosted its holdings in shares of Douglas Dynamics by 12.5% in the 4th quarter. Legal & General Group Plc now owns 4,205 shares of the auto parts company’s stock valued at $151,000 after purchasing an additional 466 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Douglas Dynamics by 2,498.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,625 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 4,447 shares during the last quarter. 89.63% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter 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.

Featured Story: Market Capitalization – What it Means for Investors

Get a free copy of the Zacks research report on Douglas Dynamics (PLOW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.