Douglas Dynamics (NYSE:PLOW) Downgraded by Zacks Research to Strong Sell

Douglas Dynamics (NYSE:PLOW) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on PLOW. Robert W. Baird decreased their target price on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday. DA Davidson set a $57.00 price objective on Douglas Dynamics in a report on Tuesday. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings lowered Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.67.

Douglas Dynamics Trading Up 2.3%

Shares of NYSE PLOW opened at $45.62 on Tuesday. Douglas Dynamics has a twelve month low of $28.52 and a twelve month high of $55.00. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.06 and a beta of 1.20. The company has a quick ratio of 0.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $46.51 and its 200-day moving average is $44.14.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The business had revenue of $214.65 million during the quarter, compared to analysts’ expectations of $219.45 million. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. Equities research analysts predict that Douglas Dynamics will post 2.62 EPS for the current year.

Institutional Trading of Douglas Dynamics

Several hedge funds and other institutional investors have recently modified their holdings of PLOW. Arrowstreet Capital Limited Partnership grew its stake in shares of Douglas Dynamics by 128.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock worth $22,673,000 after acquiring an additional 303,077 shares in the last quarter. Nuveen LLC lifted its position in shares of Douglas Dynamics by 485.3% in the fourth quarter. Nuveen LLC now owns 349,929 shares of the auto parts company’s stock worth $11,425,000 after purchasing an additional 290,144 shares in the last quarter. Icon Advisers Inc. Co. bought a new stake in shares of Douglas Dynamics in the first quarter worth $8,717,000. Tudor Investment Corp ET AL acquired a new position in Douglas Dynamics during the third quarter worth $3,617,000. Finally, Sei Investments Co. boosted its holdings in Douglas Dynamics by 60.5% during the first quarter. Sei Investments Co. now owns 303,297 shares of the auto parts company’s stock worth $12,766,000 after purchasing an additional 114,380 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

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.