Douglas Dynamics (NYSE:PLOW) Rating Increased to Buy at StockNews.com

Douglas Dynamics (NYSE:PLOW) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Robert W. Baird cut their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Douglas Dynamics Stock Down 1.5 %

Shares of PLOW stock traded down $0.35 during trading hours on Tuesday, hitting $23.58. 138,702 shares of the company’s stock traded hands, compared to its average volume of 170,926. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $24.70 and its two-hundred day simple moving average is $25.64. Douglas Dynamics has a 12-month low of $21.31 and a 12-month high of $30.98. The stock has a market cap of $544.56 million, a price-to-earnings ratio of 10.25, a PEG ratio of 1.40 and a beta of 1.21.

Institutional Investors Weigh In On Douglas Dynamics

Several large investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in Douglas Dynamics by 88.6% in the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 1,229 shares during the period. CWM LLC boosted its holdings in shares of Douglas Dynamics by 42.2% in the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock worth $112,000 after buying an additional 1,201 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Douglas Dynamics in the third quarter worth approximately $118,000. Point72 Asset Management L.P. grew its position in Douglas Dynamics by 113.6% during the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock valued at $160,000 after buying an additional 3,636 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Douglas Dynamics by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock valued at $207,000 after buying an additional 441 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through 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 trucks and heavy duty trucks, as well as various related parts and accessories.