Douglas Dynamics (NYSE:PLOW) Sets New 1-Year High at $53.55

Douglas Dynamics Inc (NYSE:PLOW) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.55 and last traded at $53.43, with a volume of 511 shares changing hands. The stock had previously closed at $53.17.

Several equities analysts have recently weighed in on the stock. Sidoti raised their price target on shares of Douglas Dynamics from $55.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. TheStreet raised shares of Douglas Dynamics from a “c+” rating to an “a-” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Friday. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $56.33.

The company’s 50 day moving average price is $46.69 and its two-hundred day moving average price is $41.73. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 1.28. The stock has a market capitalization of $1.21 billion, a PE ratio of 28.34 and a beta of 0.59.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The firm had revenue of $141.87 million for the quarter, compared to the consensus estimate of $132.90 million. Douglas Dynamics had a net margin of 9.29% and a return on equity of 17.76%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. Analysts forecast that Douglas Dynamics Inc will post 2.24 earnings per share for the current year.

In related news, Chairman James L. Janik sold 9,325 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $44.00, for a total transaction of $410,300.00. Following the completion of the sale, the chairman now directly owns 166,297 shares in the company, valued at $7,317,068. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman James L. Janik sold 8,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.03, for a total transaction of $378,790.09. Following the sale, the chairman now owns 151,605 shares of the company’s stock, valued at $6,675,168.15. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PLOW. Point72 Hong Kong Ltd acquired a new stake in Douglas Dynamics during the second quarter worth about $26,000. SRS Capital Advisors Inc. acquired a new stake in Douglas Dynamics during the second quarter worth about $41,000. Bank of Montreal Can increased its position in Douglas Dynamics by 393.1% during the second quarter. Bank of Montreal Can now owns 2,367 shares of the auto parts company’s stock worth $94,000 after purchasing an additional 1,887 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Douglas Dynamics by 332.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,903 shares of the auto parts company’s stock worth $154,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Douglas Dynamics during the second quarter worth about $201,000. Hedge funds and other institutional investors own 89.45% of the company’s stock.

Douglas Dynamics Company Profile (NYSE:PLOW)

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

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