Craig Hallum set a $43.00 target price on Douglas Dynamics (NYSE:PLOW) in a report released on Wednesday, The Fly reports. The firm currently has a buy rating on the auto parts company’s stock.
Several other equities research analysts have also commented on PLOW. Zacks Investment Research lowered shares of Douglas Dynamics from a buy rating to a hold rating in a research note on Wednesday, July 11th. ValuEngine cut shares of Douglas Dynamics from a buy rating to a hold rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $45.33.
PLOW traded down $0.72 on Wednesday, hitting $39.63. 8,974 shares of the company’s stock were exchanged, compared to its average volume of 155,901. The firm has a market cap of $881.27 million, a price-to-earnings ratio of 29.19 and a beta of 1.04. Douglas Dynamics has a twelve month low of $36.20 and a twelve month high of $49.50. The company has a quick ratio of 1.98, a current ratio of 3.77 and a debt-to-equity ratio of 1.01.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, November 5th. The auto parts company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $124.80 million for the quarter, compared to analyst estimates of $125.37 million. Douglas Dynamics had a return on equity of 15.88% and a net margin of 12.49%. Douglas Dynamics’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. Research analysts anticipate that Douglas Dynamics will post 1.9 earnings per share for the current year.
In other news, insider Jonathon P. Sievert sold 1,200 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $43.30, for a total transaction of $51,960.00. Following the transaction, the insider now owns 9,884 shares in the company, valued at approximately $427,977.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James L. Janik sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $44.89, for a total transaction of $1,122,250.00. Following the transaction, the chairman now owns 239,030 shares in the company, valued at approximately $10,730,056.70. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of Douglas Dynamics in the third quarter worth $214,000. Cadence Capital Management LLC lifted its position in shares of Douglas Dynamics by 20.1% in the third quarter. Cadence Capital Management LLC now owns 68,907 shares of the auto parts company’s stock worth $3,025,000 after purchasing an additional 11,523 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Douglas Dynamics by 429.6% in the third quarter. Meeder Asset Management Inc. now owns 3,808 shares of the auto parts company’s stock worth $167,000 after purchasing an additional 3,089 shares in the last quarter. Comerica Bank lifted its position in shares of Douglas Dynamics by 42.7% in the third quarter. Comerica Bank now owns 22,062 shares of the auto parts company’s stock worth $949,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its position in shares of Douglas Dynamics by 50.0% in the third quarter. Mondrian Investment Partners LTD now owns 60,413 shares of the auto parts company’s stock worth $2,652,000 after purchasing an additional 20,143 shares in the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc operates as a manufacturer and up-fitter 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.
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