Douglas Dynamics (NYSE:PLOW) Sets New 52-Week High – Still a Buy?

Shares of Douglas Dynamics, Inc. (NYSE:PLOW) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.26 and last traded at $42.06, with a volume of 1672 shares changing hands. The stock had previously closed at $41.07.

Analyst Upgrades and Downgrades

PLOW has been the subject of several recent research reports. DA Davidson reiterated a “buy” rating and issued a $39.00 price target on shares of Douglas Dynamics in a research report on Monday, December 8th. Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Douglas Dynamics Trading Down 0.9%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01. The stock has a market cap of $969.57 million, a P/E ratio of 23.91, a P/E/G ratio of 1.42 and a beta of 1.26. The stock has a 50-day moving average price of $36.56 and a 200-day moving average price of $33.36.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, December 16th. Douglas Dynamics’s payout ratio is currently 67.05%.

Hedge Funds Weigh In On Douglas Dynamics

A number of large investors have recently modified their holdings of the company. Gamco Investors INC. ET AL purchased a new stake in shares of Douglas Dynamics during the second quarter worth about $3,080,000. SG Americas Securities LLC bought a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $1,013,000. Segall Bryant & Hamill LLC bought a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $2,640,000. Y Intercept Hong Kong Ltd purchased a new stake in Douglas Dynamics in the third quarter worth about $864,000. Finally, Ellsworth Advisors LLC purchased a new stake in shares of Douglas Dynamics in the 3rd quarter worth approximately $738,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

About Douglas Dynamics

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.