Short Interest in Douglas Dynamics, Inc. (NYSE:PLOW) Grows By 28.8%

Douglas Dynamics, Inc. (NYSE:PLOW) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 361,941 shares, a growth of 28.8% from the December 31st total of 280,975 shares. Based on an average daily trading volume, of 159,798 shares, the short-interest ratio is currently 2.3 days. Approximately 1.6% of the company’s shares are sold short. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 159,798 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLOW shares. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of Douglas Dynamics in a report on Monday, December 8th. Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Douglas Dynamics currently has an average rating of “Moderate Buy” and an average target price of $39.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC lifted its position in Douglas Dynamics by 0.4% in the 2nd quarter. Pzena Investment Management LLC now owns 2,281,587 shares of the auto parts company’s stock valued at $67,238,000 after acquiring an additional 8,584 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Douglas Dynamics in the second quarter worth approximately $3,080,000. SG Americas Securities LLC purchased a new stake in shares of Douglas Dynamics in the third quarter worth approximately $1,013,000. Ellsworth Advisors LLC bought a new position in shares of Douglas Dynamics in the third quarter valued at approximately $738,000. Finally, Prudential Financial Inc. purchased a new position in shares of Douglas Dynamics during the second quarter valued at approximately $3,532,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Stock Up 2.1%

PLOW stock traded up $0.78 during trading on Monday, reaching $38.46. 269,249 shares of the stock were exchanged, compared to its average volume of 178,413. The firm’s 50 day moving average is $34.48 and its 200 day moving average is $32.38. The firm has a market cap of $886.12 million, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26. The company has a current ratio of 2.01, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50. Douglas Dynamics has a twelve month low of $21.30 and a twelve month high of $38.67.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%.The firm had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. As a group, research analysts forecast that Douglas Dynamics will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.295 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.18 annualized dividend and a yield of 3.1%. Douglas Dynamics’s dividend payout ratio is presently 67.05%.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.