ValuEngine downgraded shares of Douglas Dynamics (NYSE:PLOW) from a buy rating to a hold rating in a report published on Tuesday.

Separately, Zacks Investment Research cut shares of Douglas Dynamics from a buy rating to a hold rating in a research note on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $45.33.

Shares of NYSE PLOW traded down $1.52 during mid-day trading on Tuesday, hitting $38.11. The company had a trading volume of 136,455 shares, compared to its average volume of 158,950. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 2.47. Douglas Dynamics has a 12 month low of $36.20 and a 12 month high of $49.50. The stock has a market cap of $911.54 million, a PE ratio of 28.02 and a beta of 1.04.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, November 5th. The auto parts company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Douglas Dynamics had a net margin of 12.49% and a return on equity of 15.64%. The company had revenue of $124.80 million during the quarter, compared to the consensus estimate of $125.37 million. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Research analysts forecast that Douglas Dynamics will post 2 earnings per share for the current fiscal year.

In related news, Chairman James L. Janik sold 25,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $44.89, for a total value of $1,122,250.00. Following the completion of the sale, the chairman now owns 239,030 shares in the company, valued at $10,730,056.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathon P. Sievert sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $43.30, for a total transaction of $51,960.00. Following the transaction, the insider now owns 9,884 shares of the company’s stock, valued at approximately $427,977.20. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC lifted its stake in Douglas Dynamics by 308.4% during the second quarter. Citadel Advisors LLC now owns 35,147 shares of the auto parts company’s stock worth $1,687,000 after purchasing an additional 26,540 shares during the period. Northern Trust Corp lifted its stake in Douglas Dynamics by 3.1% during the second quarter. Northern Trust Corp now owns 275,197 shares of the auto parts company’s stock worth $13,210,000 after purchasing an additional 8,215 shares during the period. BlueMountain Capital Management LLC lifted its stake in Douglas Dynamics by 107.8% during the second quarter. BlueMountain Capital Management LLC now owns 34,701 shares of the auto parts company’s stock worth $1,666,000 after purchasing an additional 18,003 shares during the period. FMR LLC lifted its stake in Douglas Dynamics by 1.1% during the second quarter. FMR LLC now owns 757,561 shares of the auto parts company’s stock worth $36,363,000 after purchasing an additional 8,029 shares during the period. Finally, Capital Fund Management S.A. bought a new position in Douglas Dynamics during the second quarter worth about $643,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and up-fitter 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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