StockNews.com Upgrades Douglas Dynamics (NYSE:PLOW) to “Buy”

Douglas Dynamics (NYSE:PLOW) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Robert W. Baird reduced their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

Douglas Dynamics Price Performance

NYSE PLOW opened at $24.03 on Tuesday. The company has a market cap of $554.95 million, a PE ratio of 10.45, a P/E/G ratio of 1.40 and a beta of 1.21. The firm’s 50 day moving average price is $24.72 and its 200-day moving average price is $25.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics has a 52-week low of $21.31 and a 52-week high of $30.98.

Hedge Funds Weigh In On Douglas Dynamics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in Douglas Dynamics by 109.6% during the 3rd quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company’s stock valued at $1,839,000 after acquiring an additional 34,873 shares during the period. Pacific Ridge Capital Partners LLC purchased a new position in shares of Douglas Dynamics during the second quarter worth $486,000. Barclays PLC lifted its position in Douglas Dynamics by 132.0% during the third quarter. Barclays PLC now owns 54,116 shares of the auto parts company’s stock valued at $1,494,000 after purchasing an additional 30,795 shares during the period. BluePath Capital Management LLC acquired a new position in Douglas Dynamics during the third quarter valued at $604,000. Finally, Versor Investments LP purchased a new stake in Douglas Dynamics in the third quarter valued at $535,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

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.