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Top Four Dividend Yield Stock in the Automobile Sector

We researched the automobile sector to bring you the top four dividend yield stocks with a buy rating given by analysts at Wall Street. Here are the top four dividend paying stocks in the industry.

Douglas Dynamics Inc. (NYSE: PLOW) has a market capitalization of $303 million, and it tops the list with a dividend yield of 6.03 percent. Douglas Dynamics designs, manufactures, and sells snow and ice control equipment for light trucks in North America. In the last year the company has given a return of 16.2 percent on its stock to its shareholders. The estimated price of profit (POP) for the stock is 11, and the expected five-year earnings growth rate is 9 percent. The stock is trading at a P/E of 42.03 and has a P/B value of 1.84x. The company operates at a profit margin of 3.54 percent and an operating margin of 18.73 percent. Analysts have given a Strong Buy rating to the stock with a $17.60 price target. Based on the estimated price target, the stock is trading at a discount of 24.66 percent. PLOW is currently trading higher by 0.53 percent to $13.33 per share on Thursday.

Copper Tire & Rubber Co. (NYSE: CTB) is second on the list with a dividend yield of 3.73 percent. Copper Tire & Rubber Co., together with its subsidiaries, manufactures and markets replacement tires in North America and internationally. The company has a total market capitalization of $700 million. In the last year the company has given a return of negative 38.6 percent on its stock to its shareholders. The estimated price of profit (POP) for the stock is four, and the expected five-year earnings growth rate is 7.40 percent. The stock is trading at a P/E of 6.32 and has a P/B value of 1.55x. The company operates at a profit margin of 3.09 percent and an operating margin of 5.06 percent. Analysts have given a strong Buy rating to the stock with a $20.75 price target. Based on the estimated price target the stock is trading at a discount of 45.73 percent. CTB is trading lower by 0.98 percent to $11.15 today.

Gentex Corp. (Nasdaq: GNTX) has a total market capitalization of $3.39 billion and has a dividend yield of 2.03 percent. Gentex Corp. designs, develops, manufactures and markets products employing electro-optic technology, such as automatic-dimming rear-view automotive mirrors with electronic features and fire protection products. In the last year the company has given a return of 28.5 percent on its stock to its shareholders. The estimated price of profit (POP) for the stock is 17, and the expected five-year earnings growth rate is 19.41 percent. The stock is trading at a P/E of 21.83 and has a P/B value of 3.45x. The company operates at a profit margin of 16.47 percent and an operating margin of 22.85 percent. Analysts have given a Buy rating to the stock with a $35.25 price target. Based on the estimated price target, the stock is trading at a discount of 34 percent. GNTX is trading higher by 2.51 percent to $23.76 on Thursday.

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