Douglas Dynamics, Inc. (NYSE:PLOW) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 183.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,557 shares of the auto parts company's stock after acquiring an additional 49,557 shares during the period. Teacher Retirement System of Texas owned about 0.33% of Douglas Dynamics worth $1,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLOW. DF Dent & Co. Inc. lifted its holdings in shares of Douglas Dynamics by 26.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company's stock worth $23,599,000 after purchasing an additional 178,018 shares during the last quarter. Drystone LLC bought a new stake in Douglas Dynamics in the fourth quarter valued at $2,531,000. Monimus Capital Management LP bought a new stake in Douglas Dynamics in the fourth quarter valued at $2,400,000. Dean Investment Associates LLC acquired a new position in shares of Douglas Dynamics during the third quarter valued at $2,676,000. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of Douglas Dynamics by 78.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 202,680 shares of the auto parts company's stock worth $5,590,000 after acquiring an additional 88,940 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and set a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th.

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Douglas Dynamics Stock Performance

Shares of PLOW traded up $0.06 during trading hours on Monday, reaching $23.28. 184,387 shares of the company's stock traded hands, compared to its average volume of 190,508. Douglas Dynamics, Inc. has a twelve month low of $21.31 and a twelve month high of $30.98. The business's fifty day simple moving average is $25.34 and its two-hundred day simple moving average is $25.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm has a market capitalization of $537.61 million, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is presently 50.43%.

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.