Teacher Retirement System of Texas Purchases 55,657 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Teacher Retirement System of Texas lifted its holdings in 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 SEC. The institutional investor owned 132,214 shares of the auto parts company's stock after purchasing an additional 55,657 shares during the quarter. Teacher Retirement System of Texas owned 0.57% of Douglas Dynamics worth $3,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. US Bancorp DE boosted its stake in Douglas Dynamics by 15.6% during 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 during the period. KLP Kapitalforvaltning AS purchased a new position in Douglas Dynamics during the fourth quarter worth $111,000. State of Wyoming purchased a new position in Douglas Dynamics during the fourth quarter worth $153,000. Aquatic Capital Management LLC boosted its stake in Douglas Dynamics by 358.9% during 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 during the period. Finally, Quantbot Technologies LP purchased a new position in Douglas Dynamics during the fourth quarter worth $219,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Trading Up 0.5%

Shares of NYSE:PLOW traded up $0.16 on Wednesday, hitting $30.91. 131,005 shares of the company's stock were exchanged, compared to its average volume of 192,916. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $31.98. The stock has a market capitalization of $717.42 million, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. The business's 50 day simple moving average is $28.15 and its two-hundred day simple moving average is $25.75. 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 earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 15.17% and a net margin of 11.00%. The business had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. During the same period last year, the company earned ($0.29) earnings per share. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. Analysts anticipate that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 annualized dividend and a dividend yield of 3.82%. Douglas Dynamics's payout ratio is currently 43.38%.

Insider Buying and Selling at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of Douglas Dynamics stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $29.01, for a total value of $454,006.50. Following the completion of the sale, the director directly owned 40,136 shares in the company, valued at $1,164,345.36. The trade was a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.04% of the stock is owned by insiders.

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.