Teacher Retirement System of Texas Trims Stake in Douglas Dynamics, Inc. $PLOW

Teacher Retirement System of Texas decreased its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 24.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,128 shares of the auto parts company’s stock after selling 29,624 shares during the period. Teacher Retirement System of Texas’ holdings in Douglas Dynamics were worth $2,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC boosted its stake in shares of Douglas Dynamics by 5.7% in the third quarter. CWM LLC now owns 6,778 shares of the auto parts company’s stock worth $212,000 after acquiring an additional 365 shares during the last quarter. State of Wyoming increased its position in shares of Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 405 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Douglas Dynamics by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock valued at $314,000 after purchasing an additional 546 shares during the last quarter. Legal & General Group Plc grew its position in Douglas Dynamics by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company’s stock valued at $795,000 after acquiring an additional 725 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Douglas Dynamics in the third quarter valued at $39,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Down 2.2%

Shares of NYSE PLOW opened at $37.04 on Thursday. The firm’s 50 day moving average price is $34.07 and its 200 day moving average price is $32.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $38.58. The firm has a market cap of $853.29 million, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Douglas Dynamics had a net margin of 6.82% and a return on equity of 16.18%. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. Douglas Dynamics has set its FY 2025 guidance at 1.850-2.250 EPS. As a group, sell-side analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Douglas Dynamics’s dividend payout ratio is 67.05%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PLOW. Wall Street Zen cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a research report on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and issued a $39.00 price target on shares of Douglas Dynamics in a report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Douglas Dynamics has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Douglas Dynamics Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.