Douglas Dynamics (NYSE:PLOW) Raised to Hold at Zacks Research

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

A number of other equities research analysts have also recently commented on PLOW. Freedom Capital raised Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. DA Davidson set a $57.00 target price on Douglas Dynamics in a research report on Tuesday, August 4th. Wall Street Zen cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Robert W. Baird reduced their price target on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.67.

Douglas Dynamics Stock Down 0.9%

Shares of NYSE PLOW opened at $41.27 on Wednesday. The firm has a market cap of $952.51 million, a PE ratio of 18.76, a P/E/G ratio of 0.91 and a beta of 1.19. Douglas Dynamics has a 12-month low of $28.52 and a 12-month high of $55.00. The company’s fifty day simple moving average is $44.40 and its 200 day simple moving average is $44.64. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. The firm had revenue of $214.65 million during the quarter, compared to the consensus estimate of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. As a group, sell-side analysts forecast that Douglas Dynamics will post 2.86 earnings per share for the current fiscal year.

Institutional Trading of Douglas Dynamics

A number of institutional investors and hedge funds have recently modified their holdings of PLOW. BlackRock Inc. bought a new stake in Douglas Dynamics during the second quarter worth $109,009,000. Vanguard Group Inc. boosted its position in Douglas Dynamics by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,478,522 shares of the auto parts company’s stock worth $48,274,000 after purchasing an additional 5,465 shares during the last quarter. California State Teachers Retirement System grew its stake in Douglas Dynamics by 6,464.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,387,432 shares of the auto parts company’s stock valued at $74,852,000 after purchasing an additional 1,366,296 shares during the period. Pzena Investment Management LLC purchased a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $74,703,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $35,570,000. 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.