Douglas Dynamics (NYSE:PLOW) Cut to Hold at StockNews.com

StockNews.com lowered shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a report issued on Wednesday morning.

Separately, Robert W. Baird decreased their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $24.76 on Wednesday. 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 moving average is $24.71 and its two-hundred day moving average is $25.67. Douglas Dynamics has a 52 week low of $21.31 and a 52 week high of $30.98. The company has a market capitalization of $571.62 million, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a yield of 4.77%. Douglas Dynamics’s payout ratio is currently 51.30%.

Hedge Funds Weigh In On Douglas Dynamics

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC raised its holdings in shares of Douglas Dynamics by 15.9% in the third quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock valued at $44,813,000 after acquiring an additional 222,945 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Douglas Dynamics by 149.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after purchasing an additional 211,573 shares during the period. DF Dent & Co. Inc. raised its holdings in shares of Douglas Dynamics by 26.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock valued at $23,599,000 after purchasing an additional 178,018 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Douglas Dynamics by 248.8% in the 2nd quarter. AQR Capital Management LLC now owns 158,975 shares of the auto parts company’s stock worth $3,720,000 after purchasing an additional 113,393 shares during the period. Finally, Dean Investment Associates LLC purchased a new stake in shares of Douglas Dynamics in the 3rd quarter worth approximately $2,676,000. Institutional investors own 91.85% of the company’s stock.

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.