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MILWAUKEE - Douglas Dynamics, Inc. (NYSE:PLOW), a manufacturer of work truck attachments and equipment, announced Monday it has completed the acquisition of substantially all assets of Venco Venturo Industries LLC, a provider of truck-mounted service cranes and dump hoists. The acquisition comes as Douglas Dynamics trades at $29.69, with shares up over 32% year-to-date according to InvestingPro data.
The acquisition represents the first step in executing Douglas Dynamics' "Activate" strategic pillar, which aims to diversify the company's portfolio through acquiring complex attachments, according to a company press release.
Venco Venturo Industries, founded in 1952 and family-owned for over 70 years, manufactures electric light-duty cranes, electric-hydraulic cranes, hydraulic cranes, and conversion/dump hoists for work trucks. The Ohio-based company employs 70 people across two facilities in Sharonville, a suburb of Cincinnati.
"Led by three generations of the Collins family, the Venco Venturo team has built a tremendous reputation for its commitment to quality and reliability," said Mark Van Genderen, President and CEO of Douglas Dynamics.
The acquired business will operate as a division within Douglas Dynamics' Work Truck Attachments segment. The transaction is expected to be modestly accretive to earnings per share and free cash flow positive before synergies in 2026. This strategic move comes as InvestingPro data shows Douglas Dynamics currently trades below its Fair Value, with analysts maintaining a Buy consensus and setting price targets above current levels.
Financial terms of the transaction were not disclosed. Douglas Dynamics maintains a healthy financial position with a current ratio of 2.11, confirming the InvestingPro tip that its liquid assets exceed short-term obligations. The company also boasts a 3.9% dividend yield and has maintained dividend payments for 16 consecutive years – one of several valuable insights available in the comprehensive Pro Research Report covering this and 1,400+ other US equities.
Douglas Dynamics manufactures commercial work truck attachments and equipment under several brands, including FISHER, SNOWEX, and WESTERN in its Work Truck Attachments segment, and HENDERSON and DEJANA in its Work Truck Solutions segment.
In other recent news, Douglas Dynamics reported its Q2 2025 earnings, surpassing analysts' expectations with an earnings per share (EPS) of $1.14, compared to the forecasted $1.00. The company also exceeded revenue projections, posting $194.3 million against an expected $189.47 million. Additionally, Douglas Dynamics announced a quarterly cash dividend of $0.295 per share for the third quarter of 2025, set to be paid on September 30, 2025, to stockholders of record as of September 16, 2025. In corporate developments, Jennifer I. Ansberry and Bradley M. Nelson were appointed as new independent directors, while Margaret Dano will retire from the board effective November 1, 2025. DA Davidson raised its price target for Douglas Dynamics to $39.00 from $35.00, maintaining a Buy rating, citing a robust Solutions backlog. These updates reflect significant developments for Douglas Dynamics, providing investors with insights into the company's performance and strategic direction.
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