Douglas Dynamics (NYSE:PLOW) Sets New 1-Year High – What’s Next?

Shares of Douglas Dynamics, Inc. (NYSE:PLOW) reached a new 52-week high on Monday . The company traded as high as $42.88 and last traded at $42.49, with a volume of 147145 shares traded. The stock had previously closed at $42.00.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and issued a $39.00 target price on shares of Douglas Dynamics in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Douglas Dynamics Stock Down 2.3%

The company has a current ratio of 2.01, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50. The stock has a market cap of $962.73 million, a P/E ratio of 23.74, a PEG ratio of 1.43 and a beta of 1.26. The company’s 50 day moving average price is $36.89 and its two-hundred day moving average price is $33.57.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a $0.295 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.18 annualized dividend and a yield of 2.8%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 67.05%.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its position in Douglas Dynamics by 229.9% during the third quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 839 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Douglas Dynamics during the 3rd quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased its holdings in Douglas Dynamics by 85.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,266 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 583 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Douglas Dynamics by 136.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 1,303 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Douglas Dynamics during the 3rd quarter worth approximately $69,000. 91.85% of the stock is currently 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.