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

Douglas Dynamics (NYSE:PLOW) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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

Douglas Dynamics Stock Performance

Shares of PLOW opened at $23.76 on Wednesday. The firm has a market cap of $548.71 million, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company’s fifty day moving average is $24.77 and its 200-day moving average is $25.67. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $30.98.

Institutional Investors Weigh In On Douglas Dynamics

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in shares of Douglas Dynamics by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock valued at $794,000 after purchasing an additional 2,870 shares in the last quarter. American Century Companies Inc. raised its stake in Douglas Dynamics by 10.0% during the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock worth $600,000 after buying an additional 2,329 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Douglas Dynamics by 20.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,969 shares of the auto parts company’s stock valued at $444,000 after purchasing an additional 3,247 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Douglas Dynamics by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after buying an additional 14,835 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Douglas Dynamics by 13.5% in the second quarter. Sei Investments Co. now owns 80,403 shares of the auto parts company’s stock valued at $1,881,000 after purchasing an additional 9,541 shares in the last quarter. Institutional investors and hedge funds 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.