California State Teachers Retirement System cut its holdings in Douglas Dynamics Inc (NYSE:PLOW) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,192 shares of the auto parts company’s stock after selling 3,929 shares during the period. California State Teachers Retirement System owned about 0.16% of Douglas Dynamics worth $1,387,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of PLOW. Cadence Capital Management LLC lifted its position in Douglas Dynamics by 98.1% in the 3rd quarter. Cadence Capital Management LLC now owns 37,874 shares of the auto parts company’s stock valued at $1,492,000 after purchasing an additional 18,754 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in Douglas Dynamics by 0.6% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,214,331 shares of the auto parts company’s stock valued at $47,845,000 after purchasing an additional 7,330 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in Douglas Dynamics in the 3rd quarter valued at about $343,000. Ameriprise Financial Inc. bought a new stake in Douglas Dynamics in the 3rd quarter valued at about $2,339,000. Finally, SG Americas Securities LLC lifted its position in Douglas Dynamics by 8.2% in the 3rd quarter. SG Americas Securities LLC now owns 23,801 shares of the auto parts company’s stock valued at $938,000 after purchasing an additional 1,795 shares during the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.
Douglas Dynamics Inc (NYSE PLOW) traded up $0.05 during mid-day trading on Wednesday, hitting $37.60. 58,419 shares of the company’s stock were exchanged, compared to its average volume of 84,417. Douglas Dynamics Inc has a one year low of $28.55 and a one year high of $43.00. The company has a market cap of $849.42, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76.
In related news, Chairman James L. Janik sold 15,593 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $37.64, for a total value of $586,920.52. Following the sale, the chairman now directly owns 261,892 shares in the company, valued at approximately $9,857,614.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert L. Mccormick sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $40.08, for a total transaction of $601,200.00. Following the completion of the sale, the vice president now owns 116,263 shares in the company, valued at $4,659,821.04. The disclosure for this sale can be found here. Insiders have sold a total of 76,673 shares of company stock worth $2,910,522 over the last 90 days. 3.20% of the stock is owned by insiders.
Several analysts recently weighed in on the stock. ValuEngine downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Douglas Dynamics has an average rating of “Hold” and a consensus price target of $38.00.
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About Douglas Dynamics
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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