Friday, December 31, 2010

Douglas Dynamics (NYSE:PLOW) Benefiting from Recent Snow

The enormous amount of snow in the Northeast and Midwest of the United States has been a boon for Douglas Dynamics (NYSE:PLOW), which has resulted in increased order for the company, which develops snow and ice control equipment for small trucks in the North American market.

Oppenheimer said the boost in sales won't have an impact on the full year 2010 earnings of the company, but will help Douglas Dynamics in 2011.

They raised their EPS estimates on Douglas Dynamics for full year 2011 from $1.05 to $1.10, and for full year 2012 from $1.10 to $1.15.

Oppenheimer reiterates an "Outperform" rating on Douglas, which closed Thursday at $15.62, up $0.13, or 0.84 percent. They their price target on them from $17 to $18.

A recent boost in their dividend to 20 cents also points to confidence in their future.

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