Teacher Retirement System of Texas Raises Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Teacher Retirement System of Texas lifted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 72.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,214 shares of the auto parts company's stock after purchasing an additional 55,657 shares during the period. Teacher Retirement System of Texas owned 0.57% of Douglas Dynamics worth $3,071,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. US Bancorp DE raised its stake in Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after buying an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Douglas Dynamics in the fourth quarter worth about $111,000. State of Wyoming bought a new position in Douglas Dynamics in the fourth quarter worth about $153,000. Aquatic Capital Management LLC raised its stake in Douglas Dynamics by 358.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after buying an additional 6,102 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Douglas Dynamics in the fourth quarter worth about $219,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the completion of the transaction, the director owned 40,136 shares of the company's stock, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company's stock.

Douglas Dynamics Trading Down 1.4%

PLOW stock traded down $0.42 during trading on Friday, reaching $30.35. The company had a trading volume of 222,636 shares, compared to its average volume of 192,602. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $31.98. The company has a market cap of $704.42 million, a P/E ratio of 11.16, a PEG ratio of 1.14 and a beta of 1.30. The business has a 50 day moving average of $28.55 and a 200 day moving average of $25.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 0.70.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. During the same period in the prior year, the firm earned ($0.29) earnings per share. Douglas Dynamics's revenue was up 20.3% on a year-over-year basis. As a group, sell-side analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics's dividend payout ratio is 43.38%.

Douglas Dynamics Profile

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.