DA Davidson Reaffirms Buy Rating for Douglas Dynamics (NYSE:PLOW)

Douglas Dynamics (NYSE:PLOW)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $31.00 price objective on the auto parts company’s stock. DA Davidson’s target price indicates a potential upside of 35.91% from the stock’s previous close.

Separately, Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price target (down from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.

Douglas Dynamics Trading Up 1.4 %

Douglas Dynamics stock traded up $0.32 during midday trading on Tuesday, reaching $22.81. 221,928 shares of the stock traded hands, compared to its average volume of 246,266. The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The firm has a market cap of $524.17 million, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. The company has a 50-day simple moving average of $23.55 and a two-hundred day simple moving average of $26.19. Douglas Dynamics has a 12-month low of $21.35 and a 12-month high of $35.39.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.12. The business had revenue of $134.25 million for the quarter, compared to analysts’ expectations of $134.00 million. Douglas Dynamics had a return on equity of 10.18% and a net margin of 4.18%. Research analysts expect that Douglas Dynamics will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Conestoga Capital Advisors LLC grew its holdings in Douglas Dynamics by 16.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock valued at $65,056,000 after buying an additional 311,799 shares during the period. Assenagon Asset Management S.A. purchased a new position in Douglas Dynamics during the first quarter worth approximately $7,055,000. Punch & Associates Investment Management Inc. boosted its holdings in shares of Douglas Dynamics by 32.2% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 364,773 shares of the auto parts company’s stock valued at $11,009,000 after purchasing an additional 88,804 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Douglas Dynamics by 32.8% during the 3rd quarter. Wellington Management Group LLP now owns 259,918 shares of the auto parts company’s stock valued at $7,844,000 after buying an additional 64,200 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of Douglas Dynamics by 260.9% during the 3rd quarter. GSA Capital Partners LLP now owns 63,333 shares of the auto parts company’s stock worth $1,911,000 after buying an additional 45,785 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.