Douglas Dynamics (NYSE:PLOW) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a report released on Thursday morning.

Separately, Robert W. Baird cut 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 note on Wednesday, October 30th.

Douglas Dynamics Stock Performance

Douglas Dynamics stock opened at $25.96 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company has a market cap of $599.52 million, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.21. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The firm’s 50 day simple moving average is $24.71 and its 200-day simple moving average is $25.76.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.295 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.55%. Douglas Dynamics’s dividend payout ratio is 51.30%.

Institutional Trading of Douglas Dynamics

Several institutional investors have recently made changes to their positions in PLOW. Drystone LLC purchased a new stake in Douglas Dynamics in the 4th quarter worth approximately $2,531,000. R Squared Ltd acquired a new position in shares of Douglas Dynamics in the fourth quarter worth $49,000. Olstein Capital Management L.P. increased its stake in shares of Douglas Dynamics by 11.9% in the fourth quarter. Olstein Capital Management L.P. now owns 75,000 shares of the auto parts company’s stock worth $1,772,000 after acquiring an additional 8,000 shares during the last quarter. D.B. Root & Company LLC raised its holdings in shares of Douglas Dynamics by 22.4% during the fourth quarter. D.B. Root & Company LLC now owns 17,292 shares of the auto parts company’s stock worth $409,000 after acquiring an additional 3,163 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Douglas Dynamics by 55.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,258 shares of the auto parts company’s stock valued at $290,000 after purchasing an additional 4,375 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.