PLOW · NYSE · Industrial - Machinery

Douglas Dynamics (PLOW)

Builds snow-and-ice control equipment, truck bodies, and upfit systems for commercial work trucks.

$39.99
vs last close+0.10 (+0.25%)
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Douglas Dynamics, Inc.PLOW
Industrials

Sells branded snow-and-ice attachments, municipal equipment, and truck upfit solutions through dealer, government, and fleet channels. Operations are concentrated in the U.S., with demand shaped by snowfall, work-truck chassis availability, and the integration of recently added crane and hoist products.

Work Truck Attachments covers FISHER, WESTERN, and SNOWEX snow and ice control products, with VENCO and VENTURO cranes and dump hoists added to the same segment. Work Truck Solutions covers HENDERSON municipal equipment and DEJANA upfit, storage, and related work-truck services.

Revenue flows mainly through independent dealers, government buyers, and fleet customers. Manufacturing, installation, and distribution are concentrated in the United States, supported by a small sourcing office in Beijing.

DDMS frames the operating model around problem-solving, waste elimination, quality, and responsiveness. Snowfall affects replacement demand and snowplowers' purchasing capacity, while chassis supply, facility continuity, and Venco Venturo integration shape execution.

Company facts

CEOMark Van Genderen
ListedMay 5, 2010
ExchangeNYSE
HeadquartersMilwaukee, WI
CountryUnited States
Employees1,764
CIK0001287213
ISINUS25960R1059

Market cap$922.5M
EPS (ttm)$2.20
P/E (ttm)18.13
ROE18.5%
P/B3.08
P/S1.32
Dividend yieldDiv yield2.96%
Beta0.93vs XLI 0.85

Price target$56.50+41.6%Average of 8 analysts
ConsensusBuy4 of 8 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 4, 2026D.A. DavidsonTarget
Target: $48
Target: $57
May 11, 2026Freedom BrokerUpgrade
Rating: Hold
Rating: Buy
May 6, 2026Robert W. BairdTarget
Target: $50
Target: $56
Mar 3, 2026Loop Capital MarketsTarget
Target:
Target: $48
Mar 3, 2026Freedom Capital MarketsDowngrade
Rating: Buy
Rating: Hold

Next report
Nov 2, 26
in 41 days
EPS estimate
$0.92
Revenue estimate
$218.6M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.39$0.09$1.14$0.40$0.62$0.36$1.22Pending
Estimate$0.37−$0.16$0.84$0.36$0.56$0.12$1.08$0.92
Surprise+5.4%+156.3%+35.7%+11.1%+10.7%+200.0%+13.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$143.5M$115.1M$194.3M$162.1M$184.5M$137.8M$214.6MPending
Estimate$155.2M$194.3M$157.2M$170.0M$169.9M$133.3M$219.5M$218.6M
Surprise−7.5%−40.8%+23.6%−4.6%+8.6%+3.4%−2.2%
Estimate$0.92
ReportedDue Nov 2, 2026
Estimate$218.6M
ReportedDue Nov 2, 2026
View details

Debt to equity96.80%
Current ratio216.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$129.4M$143.5M$115.1M$194.3M$162.1M$184.5M$137.8M$214.6M
Net income$32.3M$7.9M$148.0K$26.0M$8.0M$12.8M$6.4M$25.4M
Net margin24.9%5.5%0.1%13.4%4.9%7.0%4.6%11.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$45.9M$13.0M$3.2M$37.0M$14.1M$19.3M$9.9M$35.4M
YoY growth+298.7%+2.6%Turned profit+1.9%−69.3%+49.0%+209.6%−4.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.9M · Total debt $290.2M · Total assets $725.7M · Shareholders' equity $299.7M

Revenue
$214.6M
Operating income
$35.4M
Net income
$25.4M
View details

Dividend yield
2.96%
Next ex-date
Dec 15, 26
estimated · in 84 days
Annual dividend
$1.18
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.295$0.295$0.295$0.295$0.295$0.295$0.295$0.295
Annual yield4.70%4.89%4.10%3.64%3.53%2.86%2.50%3.00%
Ex-dateDec 16Mar 18Jun 17Sep 16Dec 16Mar 17Jun 16Sep 15
Payment dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
View details

Institutions≈ 94.53%21.82M shares
254 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders2.13%492.6K shares
12 holders · as of Jul 1, 2026
Other≈ 3.34%769.0K shares
remainder

23.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Conestoga Capital Advisors LLCInstitution
13.15%3.03Mfiled Jan 10, 2022
BlackRock, Inc.Institution
8.76%2.02Mas of Jun 30, 2026
Capital World InvestorsInstitution
7.24%1.67Mfiled Feb 13, 2017
Allspring Global Investments Holdings, LLCInstitution
6.66%1.54Mas of Jun 30, 2026
Pzena Investment Management LLCInstitution
6.00%1.38Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 9, 2026Christopher E. Bernauerofficer: Pres. Work Truck Attachments−869$42.61
Mar 9, 2026Jon J. Sisulakofficer: Controller−977$42.61
View details

  • Toro

    BOSS snow and ice equipment challenges light-truck brands

  • Aebi-Schmidt

    Monroe and winter brands overlap in municipal snow and upfit

  • Alamo Group

    Heavy snow-removal brands overlap with municipal fleets

  • Oshkosh

    IMT service trucks and cranes meet Venco/Venturo adjacency

  • Federal Signal

    Municipal maintenance vehicles and dump bodies overlap in upfit

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