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Douglas Dynamics Inc (PLOW)

Upturn stock ratingUpturn stock rating
$29.47
Last Close (24-hour delay)
Profit since last BUY16.21%
upturn advisory
Consider higher Upturn Star rating
BUY since 37 days
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Upturn Advisory Summary

06/30/2025: PLOW (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

2 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $33.67

1 Year Target Price $33.67

Analysts Price Target For last 52 week
$33.67Target price
Low$20.38
Current$29.47
high$29.71

Analysis of Past Performance

Type Stock
Historic Profit -13.61%
Avg. Invested days 28
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 673.07M USD
Price to earnings Ratio 10.62
1Y Target Price 33.67
Price to earnings Ratio 10.62
1Y Target Price 33.67
Volume (30-day avg) 2
Beta 1.32
52 Weeks Range 20.38 - 29.71
Updated Date 06/29/2025
52 Weeks Range 20.38 - 29.71
Updated Date 06/29/2025
Dividends yield (FY) 4.07%
Basic EPS (TTM) 2.73

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 11%
Operating Margin (TTM) 2.78%

Management Effectiveness

Return on Assets (TTM) 5.85%
Return on Equity (TTM) 27.16%

Valuation

Trailing PE 10.62
Forward PE 15.27
Enterprise Value 916744354
Price to Sales(TTM) 1.14
Enterprise Value 916744354
Price to Sales(TTM) 1.14
Enterprise Value to Revenue 1.56
Enterprise Value to EBITDA 7.98
Shares Outstanding 23209400
Shares Floating 22542155
Shares Outstanding 23209400
Shares Floating 22542155
Percent Insiders 3.08
Percent Institutions 94.62

Analyst Ratings

Rating 2
Target Price 33.67
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Douglas Dynamics Inc

stock logo

Company Overview

overview logo History and Background

Douglas Dynamics, Inc. was founded in 1948 as Douglas Motors Corp. It has evolved from a manufacturer of vehicle parts to a leader in the design, manufacture, and sale of snow and ice control equipment and related attachments.

business area logo Core Business Areas

  • Work Truck Attachments: Designs, manufactures, and sells snow and ice control attachments for light trucks, including snowplows, sand and salt spreaders. This includes brands like BOSS, FISHER, HENDERSON, and WESTERN.
  • Solutions: Offers a variety of related products and services for professional work truck users, including upfitting solutions, storage systems and other accessories.

leadership logo Leadership and Structure

The leadership team consists of the CEO, CFO, and other key executives. The organizational structure includes various departments such as sales, marketing, engineering, manufacturing, and finance. The company operates with a decentralized structure that gives autonomy to various brands while benefitting from the corporate back office support structure.

Top Products and Market Share

overview logo Key Offerings

  • BOSS Snowplows: A leading brand of snowplows for trucks, UTVs, and skid steers. Competitors include Fisher, Western, and SnowEx. Market share is significant within the professional snow removal market, but specific data fluctuates. Revenue tied directly to winter weather patterns.
  • FISHER Snowplows: Another major brand of snowplows focusing on light trucks. Competes with BOSS, Western, and SnowEx. Market share is substantial, often vying for the top position with BOSS. Revenue tied directly to winter weather patterns.
  • WESTERN Snowplows: Another major brand of snowplows focusing on light trucks. Competes with BOSS, Fisher, and SnowEx. Market share is substantial, often vying for the top position with BOSS. Revenue tied directly to winter weather patterns.
  • HENDERSON Products: A major brand focused on sand and salt spreaders for trucks and de-icing equipment. Competitors include Swenson and Epoke. Market share is significant, but the precise number varies based on geographic region. Revenue tied directly to winter weather patterns.

Market Dynamics

industry overview logo Industry Overview

The snow and ice control equipment industry is highly seasonal and dependent on weather patterns, particularly snowfall amounts. The industry includes both professional and consumer segments. Government infrastructure spending is a significant driver, as are construction and development, and the size of contractor fleets.

Positioning

Douglas Dynamics is a leader in the professional snow and ice control equipment market, with a strong portfolio of well-known brands. Its competitive advantage lies in its brand recognition, distribution network, and innovation.

Total Addressable Market (TAM)

The TAM for snow and ice control equipment is estimated to be in the billions of dollars annually, influenced by weather conditions and government spending. Douglas Dynamics is well-positioned to capture a significant portion of this market through its established brands and extensive distribution network.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition
  • Extensive distribution network
  • Diverse product portfolio
  • Experienced management team
  • Leading market share in key segments

Weaknesses

  • Seasonality of business
  • Dependence on weather patterns
  • Fluctuations in raw material costs
  • Exposure to economic cycles

Opportunities

  • Expansion into new geographic markets
  • Development of new products and technologies
  • Acquisitions of complementary businesses
  • Increased government spending on infrastructure
  • Growing demand for electric plows and spreaders

Threats

  • Intense competition
  • Fluctuations in weather patterns (e.g., milder winters)
  • Economic downturns
  • Rising raw material costs
  • Disruptive new technologies

Competitors and Market Share

competitor logo Key Competitors

  • Federal Signal Corporation (FSS)
  • Alamo Group Inc (ALG)

Competitive Landscape

Douglas Dynamics competes primarily on brand reputation, product performance, distribution network, and price. Its strengths include its well-established brands and extensive distribution network, while its weaknesses include its dependence on weather patterns and seasonality.

Major Acquisitions

HENDERSON Products

  • Year: 2005
  • Acquisition Price (USD millions): 33
  • Strategic Rationale: Expanded product portfolio into larger snow and ice control equipment.

Dejana Truck & Utility Equipment Co.

  • Year: 2018
  • Acquisition Price (USD millions): 206
  • Strategic Rationale: Diversifies Douglas Dynamicsu2019 portfolio and expands its presence in the upfitting industry.

Growth Trajectory and Initiatives

Historical Growth: Douglas Dynamics' growth has been driven by organic expansion, acquisitions, and favorable weather conditions. However, growth can be inconsistent due to the seasonal nature of the business.

Future Projections: Future growth is projected to come from new product introductions, expansion into new markets, and strategic acquisitions. Analyst estimates vary, but generally reflect moderate growth potential.

Recent Initiatives: Recent initiatives include investments in new product development, expansion of the distribution network, and strategic acquisitions to broaden the product portfolio. Expanding into electric plows and spreaders.

Summary

Douglas Dynamics is a leading manufacturer of snow and ice control equipment with strong brands and a wide distribution network. The company's performance is highly dependent on weather patterns, creating revenue volatility. While it benefits from infrastructure spending and strong brand recognition, it faces threats from competitors and fluctuating raw material costs. Strategic acquisitions and new product development are key to future growth, but the company's success will always be intertwined with unpredictable winter weather.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Analyst estimates

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share estimates are approximate and subject to change. Financial data is not current.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Douglas Dynamics Inc

Exchange NYSE
Headquaters Milwaukee, WI, United States
IPO Launch date 2010-05-05
President, CEO & Director Mr. Mark Van Genderen
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 1673
Full time employees 1673

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. The Work Truck Solutions segment primarily manufactures municipal snow and ice control products; provides truck and vehicle upfits where it attaches component pieces of equipment, truck bodies, racking, and storage solutions to a vehicle chassis for use by end users for work related purposes; and manufactures storage solutions for trucks and vans, and cable pulling equipment for trucks. This segment offers up-fit and storage solutions. It also provides customized turnkey solutions to governmental agencies, such as Departments of Transportation and municipalities. The company sells its products under the FISHER, SNOWEX, WESTERN, TURFEX, SWEEPEX, HENDERSON, BRINEXTREME, and DEJANA brands. It distributes its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial and residential areas. Douglas Dynamics, Inc. was founded in 1946 and is headquartered in Milwaukee, Wisconsin.