Alamo Group (NYSE:ALG) Issues Earnings Results

Alamo Group (NYSE:ALG) posted its quarterly earnings data on Friday. The industrial products company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.01, Zacks reports. Alamo Group had a net margin of 7.92% and a return on equity of 14.82%. The firm had revenue of $425.59 million for the quarter. During the same quarter last year, the company earned $2.79 earnings per share.

Alamo Group Trading Down 0.3 %

Shares of ALG traded down $0.62 during midday trading on Monday, hitting $193.35. The stock had a trading volume of 29,493 shares, compared to its average volume of 71,864. Alamo Group has a fifty-two week low of $157.74 and a fifty-two week high of $231.40. The business has a 50-day simple moving average of $208.34 and a two-hundred day simple moving average of $200.61. The firm has a market cap of $2.33 billion, a P/E ratio of 17.26 and a beta of 1.07. The company has a current ratio of 4.29, a quick ratio of 2.49 and a debt-to-equity ratio of 0.32.

Alamo Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were given a dividend of $0.26 per share. The ex-dividend date was Monday, April 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.54%. Alamo Group’s dividend payout ratio (DPR) is 9.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ALG shares. StockNews.com upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. DA Davidson increased their target price on shares of Alamo Group from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.

Insiders Place Their Bets

In related news, EVP Michael A. Haberman sold 418 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total transaction of $93,577.66. Following the transaction, the executive vice president now owns 19,206 shares of the company’s stock, valued at $4,299,647.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate 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.