Douglas Dynamics (NYSE:PLOW) Given New $60.00 Price Target at DA Davidson

Douglas Dynamics (NYSE:PLOWGet Free Report) had its price objective upped by analysts at DA Davidson from $55.00 to $60.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. DA Davidson’s price objective suggests a potential upside of 31.65% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Zacks Research cut shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Robert W. Baird set a $56.00 target price on Douglas Dynamics in a report on Wednesday. Freedom Capital downgraded Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Finally, Wall Street Zen cut Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Douglas Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $54.67.

Read Our Latest Stock Report on PLOW

Douglas Dynamics Price Performance

NYSE PLOW traded down $5.17 during trading hours on Wednesday, hitting $45.58. The company had a trading volume of 477,805 shares, compared to its average volume of 238,584. Douglas Dynamics has a 52 week low of $25.46 and a 52 week high of $52.33. The firm has a 50 day simple moving average of $44.11 and a 200 day simple moving average of $37.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.17 and a current ratio of 2.78. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.19 and a beta of 1.24.

Douglas Dynamics (NYSE:PLOWGet Free Report) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.24. The firm had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $133.25 million. Douglas Dynamics had a return on equity of 19.76% and a net margin of 7.83%.Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. Equities research analysts expect that Douglas Dynamics will post 2.34 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christopher E. Bernauer sold 869 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $42.61, for a total transaction of $37,028.09. Following the completion of the transaction, the insider directly owned 9,243 shares of the company’s stock, valued at approximately $393,844.23. This represents a 8.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon J. Sisulak sold 977 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $42.61, for a total value of $41,629.97. Following the transaction, the insider directly owned 14,232 shares of the company’s stock, valued at approximately $606,425.52. The trade was a 6.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Douglas Dynamics

Several institutional investors have recently modified their holdings of PLOW. Hillsdale Investment Management Inc. increased its holdings in Douglas Dynamics by 22.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 134,400 shares of the auto parts company’s stock worth $4,201,000 after purchasing an additional 24,300 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Douglas Dynamics in the 3rd quarter worth $1,013,000. JPMorgan Chase & Co. grew its stake in Douglas Dynamics by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 311,165 shares of the auto parts company’s stock valued at $9,727,000 after purchasing an additional 30,138 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Douglas Dynamics in the third quarter valued at about $864,000. Finally, GSA Capital Partners LLP raised its stake in shares of Douglas Dynamics by 198.2% in the third quarter. GSA Capital Partners LLP now owns 60,268 shares of the auto parts company’s stock worth $1,884,000 after purchasing an additional 40,056 shares during the last quarter. 91.85% of the stock is owned by institutional investors.

Key Stories Impacting Douglas Dynamics

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Douglas Dynamics Company Profile

(Get Free Report)

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.

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