Will Douglas Dynamics Trounce the Market Again in 2020?
In September 2017, I named Douglas Dynamics (NYSE: PLOW) as one of two top dividend stocks in industrial machinery. Since that time, its shares have soared 65% on a total-return basis, with most of the return (58%) generated in 2019.
Now, I wish I could say that I had anticipated this performance, but I didn't. Rather, I believed the manufacturer would provide solid dividend performance while slightly outpacing the broader market in terms of share price. But in the wake of its impressive appreciation over the last 12 months, now is an opportune time to consider whether Douglas Dynamics can continue to beat the market in 2020 -- or if it's due for a retracement.
Wisconsin-based Douglas Dynamics operates in two major business lines. It's a leading producer of snow plow and ice control work truck attachments, and it also provides customized upfit and attachment solutions for commercial, municipal, and industrial trucks in Classes 4-8 (the five largest truck class sizes).
Source Fool.com
