Teacher Retirement System of Texas Decreases Position in Douglas Dynamics, Inc. $PLOW

Teacher Retirement System of Texas lowered its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 10.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,752 shares of the auto parts company’s stock after selling 13,462 shares during the quarter. Teacher Retirement System of Texas’ holdings in Douglas Dynamics were worth $3,500,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in Douglas Dynamics by 58.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 54,145 shares of the auto parts company’s stock worth $1,258,000 after acquiring an additional 19,997 shares during the period. ARGA Investment Management LP acquired a new position in shares of Douglas Dynamics during the first quarter worth $381,000. New York State Common Retirement Fund boosted its stake in shares of Douglas Dynamics by 10.1% in the first quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company’s stock valued at $237,000 after purchasing an additional 938 shares during the period. CWM LLC boosted its stake in shares of Douglas Dynamics by 24.2% in the first quarter. CWM LLC now owns 5,400 shares of the auto parts company’s stock valued at $125,000 after purchasing an additional 1,052 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Douglas Dynamics by 2.9% during the 1st quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company’s stock valued at $700,000 after purchasing an additional 850 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on PLOW shares. DA Davidson boosted their price objective on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Douglas Dynamics in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $34.00.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $30.20 on Friday. The firm has a market cap of $695.90 million, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.29. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $34.25. The firm’s 50-day simple moving average is $31.87 and its 200-day simple moving average is $29.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The firm had revenue of $194.33 million during the quarter, compared to analyst estimates of $189.47 million. During the same period in the previous year, the company earned $1.11 earnings per share. Douglas Dynamics’s quarterly revenue was down 2.8% on a year-over-year basis. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. Equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 16th. Douglas Dynamics’s dividend payout ratio is currently 42.29%.

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.