Douglas Dynamics (NYSE:PLOW) Shares Gap Down – Should You Sell?

Douglas Dynamics, Inc. (NYSE:PLOW) shares gapped down prior to trading on Tuesday . The stock had previously closed at $26.06, but opened at $24.00. Douglas Dynamics shares last traded at $23.59, with a volume of 37,845 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird dropped their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday.

Douglas Dynamics Stock Up 0.3 %

The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $27.03 and a 200-day moving average price of $25.36. The stock has a market cap of $532.22 million, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.48. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. The firm had revenue of $199.90 million during the quarter, compared to the consensus estimate of $181.30 million. During the same quarter in the prior year, the firm earned $1.00 EPS. As a group, analysts forecast that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s payout ratio is 100.00%.

Institutional Investors Weigh In On Douglas Dynamics

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Douglas Dynamics by 260.6% in the 1st quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company’s stock valued at $2,171,000 after acquiring an additional 65,042 shares during the last quarter. GSA Capital Partners LLP lifted its position in Douglas Dynamics by 206.6% during the first quarter. GSA Capital Partners LLP now owns 53,624 shares of the auto parts company’s stock worth $1,293,000 after buying an additional 36,134 shares in the last quarter. Pacific Ridge Capital Partners LLC acquired a new position in Douglas Dynamics during the second quarter worth $486,000. ProShare Advisors LLC grew its holdings in Douglas Dynamics by 12.8% in the 1st quarter. ProShare Advisors LLC now owns 305,716 shares of the auto parts company’s stock valued at $7,374,000 after buying an additional 34,724 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Douglas Dynamics by 43,985.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company’s stock worth $217,000 after acquiring an additional 9,237 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.