Teacher Retirement System of Texas Grows Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Teacher Retirement System of Texas lifted its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 183.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,557 shares of the auto parts company’s stock after purchasing an additional 49,557 shares during the quarter. Teacher Retirement System of Texas owned 0.33% of Douglas Dynamics worth $1,809,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PLOW. R Squared Ltd bought a new stake in Douglas Dynamics in the 4th quarter worth approximately $49,000. FMR LLC grew its holdings in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 1,229 shares during the last quarter. US Bancorp DE raised its position in Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 413 shares during the period. Quest Partners LLC bought a new stake in Douglas Dynamics in the third quarter worth $118,000. Finally, Victory Capital Management Inc. purchased a new stake in Douglas Dynamics during the third quarter valued at about $207,000. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW opened at $23.92 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market cap of $552.43 million, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a 12 month low of $21.31 and a 12 month high of $30.98. The company has a 50-day moving average price of $25.40 and a 200-day moving average price of $25.47.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.295 per share. The ex-dividend date is Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 4.93%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 50.43%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLOW shares. DA Davidson reissued a “buy” rating and issued a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Douglas Dynamics Company 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.