Douglas Dynamics (NYSE:PLOW) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a research note released on Thursday.

Separately, Robert W. Baird reduced their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW opened at $25.85 on Thursday. The stock’s fifty day moving average price is $24.73 and its two-hundred day moving average price is $25.82. Douglas Dynamics has a one year low of $21.31 and a one year high of $30.98. The firm has a market cap of $596.97 million, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 51.30%.

Institutional Trading of Douglas Dynamics

Several hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in shares of Douglas Dynamics by 10.0% in the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after buying an additional 2,329 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Douglas Dynamics by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after acquiring an additional 14,835 shares during the last quarter. Sei Investments Co. lifted its position in Douglas Dynamics by 13.5% in the 2nd quarter. Sei Investments Co. now owns 80,403 shares of the auto parts company’s stock valued at $1,881,000 after acquiring an additional 9,541 shares in the last quarter. Bank of Montreal Can boosted its stake in Douglas Dynamics by 44.1% during the 2nd quarter. Bank of Montreal Can now owns 28,166 shares of the auto parts company’s stock valued at $659,000 after purchasing an additional 8,616 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Douglas Dynamics by 81.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 77,836 shares of the auto parts company’s stock worth $1,821,000 after purchasing an additional 34,997 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

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.