Alamo Group (NYSE:ALG) Posts Quarterly Earnings Results, Beats Estimates 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%.

Alamo Group Price Performance

Shares of ALG traded down $0.90 during mid-day trading on Thursday, reaching $184.04. The stock had a trading volume of 87,764 shares, compared to its average volume of 95,631. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. Alamo Group has a 12 month low of $163.74 and a 12 month high of $228.88. The business has a fifty day moving average of $184.30 and a 200 day moving average of $183.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

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 given a $0.30 dividend. 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 dividend yield of 0.65%. The ex-dividend date was Thursday, January 16th. Alamo Group’s dividend payout ratio is presently 12.08%.

Wall Street Analyst Weigh In

ALG has been the topic of several analyst reports. StockNews.com upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Robert W. Baird boosted their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

Insider Buying and Selling

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the 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 completion of the transaction, the vice president now owns 3,360 shares in the company, valued at $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company 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.