Alamo Group (NYSE:ALG) Issues Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Alamo Group (NYSE:ALG) issued its earnings results on Thursday. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.16, Zacks reports. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The company 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 $9.24 during trading hours on Friday, reaching $175.02. 321,625 shares of the stock traded hands, compared to its average volume of 101,424. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. Alamo Group has a 52-week low of $163.74 and a 52-week high of $228.88. The company’s 50-day moving average price is $183.83 and its two-hundred day moving average price is $183.94. The company has a market cap of $2.11 billion, a P/E ratio of 17.63 and a beta of 1.10.

Alamo Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were paid a dividend of $0.30 per share. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. Alamo Group’s payout ratio is 12.08%.

Analysts Set New Price Targets

ALG has been the topic of several research reports. Robert W. Baird cut shares of Alamo Group from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $224.00 to $177.00 in a report on Friday. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Baird R W downgraded shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a research report on Friday.

Insider Activity at Alamo Group

In related news, VP Janet S. Pollock sold 257 shares of Alamo Group stock in a transaction on Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the transaction, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Alamo Group Company Profile

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.