California State Teachers Retirement System cut its holdings in Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,467 shares of the auto parts company’s stock after selling 410 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Douglas Dynamics worth $908,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Douglas Dynamics by 1.9% during the third quarter. Vanguard Group Inc. now owns 1,313,746 shares of the auto parts company’s stock valued at $36,810,000 after acquiring an additional 23,882 shares in the last quarter. William Blair Investment Management LLC increased its stake in Douglas Dynamics by 2.6% during the 4th quarter. William Blair Investment Management LLC now owns 947,348 shares of the auto parts company’s stock valued at $34,256,000 after purchasing an additional 24,343 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Douglas Dynamics by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 920,258 shares of the auto parts company’s stock worth $33,276,000 after buying an additional 21,026 shares during the last quarter. State Street Corp lifted its stake in shares of Douglas Dynamics by 2.7% during the first quarter. State Street Corp now owns 484,861 shares of the auto parts company’s stock worth $16,771,000 after buying an additional 12,640 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Douglas Dynamics by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 403,396 shares of the auto parts company’s stock valued at $14,586,000 after buying an additional 9,791 shares during the last quarter. 88.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on PLOW. StockNews.com initiated coverage on Douglas Dynamics in a research note on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet upgraded Douglas Dynamics from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st.
Douglas Dynamics Stock Up 3.4 %
PLOW stock opened at $31.31 on Friday. The company has a market capitalization of $719.63 million, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00. Douglas Dynamics, Inc. has a 12 month low of $25.49 and a 12 month high of $41.40. The firm’s fifty day simple moving average is $30.49 and its 200-day simple moving average is $31.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 1.00.
Douglas Dynamics (NYSE:PLOW – Get Free Report) last posted its earnings results on Monday, July 31st. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. The company had revenue of $207.27 million during the quarter, compared to the consensus estimate of $189.40 million. Douglas Dynamics had a net margin of 5.79% and a return on equity of 15.34%. As a group, equities research analysts forecast that Douglas Dynamics, Inc. will post 1.55 earnings per share for the current year.
Douglas Dynamics Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, June 15th. Douglas Dynamics’s dividend payout ratio (DPR) is 79.73%.
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.
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