Alamo Group (NYSE:ALG) Announces Earnings Results

Alamo Group (NYSE:ALG) announced its quarterly earnings results on Thursday. The industrial products company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.16, Zacks reports. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The business had revenue of $385.32 million for the quarter, compared to analysts’ expectations of $396.85 million.

Alamo Group Price Performance

Shares of ALG traded down $12.95 during midday trading on Friday, reaching $171.31. The stock had a trading volume of 57,942 shares, compared to its average volume of 94,371. The firm’s 50 day moving average price is $184.09 and its 200-day moving average price is $183.91. Alamo Group has a 52 week low of $163.74 and a 52 week high of $228.88. The company has a market capitalization of $2.07 billion, a P/E ratio of 17.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39.

Alamo Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.30 per share. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, January 16th. Alamo Group’s dividend payout ratio (DPR) is presently 12.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ALG shares. StockNews.com raised Alamo Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird downgraded shares of Alamo Group from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $224.00 to $177.00 in a research report on Friday.

Insider Activity at Alamo Group

In other news, VP Janet S. Pollock sold 257 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the transaction, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.