Douglas Dynamics (NYSE:PLOW) Upgraded at StockNews.com

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

Separately, Robert W. Baird dropped their target price 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 Price Performance

Shares of PLOW traded down $0.35 during mid-day trading on Tuesday, reaching $23.58. The stock had a trading volume of 138,702 shares, compared to its average volume of 170,926. The business has a fifty day moving average of $24.70 and a 200 day moving average of $25.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The firm 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. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $30.98.

Institutional Trading of Douglas Dynamics

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Douglas Dynamics by 1.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock worth $66,755,000 after buying an additional 36,797 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Douglas Dynamics by 15.9% in the 3rd 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 during the last quarter. Dimensional Fund Advisors LP grew its position in Douglas Dynamics by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after acquiring an additional 14,835 shares in the last quarter. DF Dent & Co. Inc. raised its position in Douglas Dynamics by 26.3% during the third 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 during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Douglas Dynamics by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company’s stock valued at $14,247,000 after purchasing an additional 6,657 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Company Profile

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.