Media stories about Douglas Dynamics (NYSE:PLOW) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Douglas Dynamics earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 45.1912763677396 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have weighed in on PLOW. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine raised Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price target on shares of Douglas Dynamics in a report on Thursday, March 1st. Finally, Craig Hallum set a $50.00 price objective on Douglas Dynamics and gave the company a “buy” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.67.
Shares of NYSE PLOW opened at $44.60 on Tuesday. The stock has a market cap of $986.09, a P/E ratio of 32.79, a PEG ratio of 1.46 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 2.45. Douglas Dynamics has a 1-year low of $28.55 and a 1-year high of $47.40.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. The company had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $135.33 million. Douglas Dynamics had a return on equity of 14.04% and a net margin of 11.66%. equities analysts expect that Douglas Dynamics will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 22nd were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, March 21st. Douglas Dynamics’s dividend payout ratio (DPR) is currently 77.94%.
In related news, COO Robert L. Mccormick sold 8,494 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total transaction of $369,404.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman James L. Janik sold 18,085 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total value of $786,516.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,138 shares of company stock worth $1,223,722. 3.10% of the stock is currently owned by insiders.
About Douglas Dynamics
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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