Alamo Group (NYSE:ALG) Releases Earnings Results, Beats Estimates By $0.16 EPS

Alamo Group (NYSE:ALG) posted its quarterly earnings data 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. The firm had revenue of $385.32 million for the quarter, compared to the consensus estimate of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%.

Alamo Group Stock Down 7.0 %

Shares of ALG traded down $12.95 during midday trading on Friday, reaching $171.31. 57,942 shares of the stock were exchanged, compared to its average volume of 94,371. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 17.26 and a beta of 1.10. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. Alamo Group has a 12-month low of $163.74 and a 12-month high of $228.88. The firm has a 50 day simple moving average of $184.09 and a 200-day simple moving average of $183.91.

Alamo Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ALG shares. StockNews.com upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Tuesday. Robert W. Baird lowered shares of Alamo Group from an “outperform” rating to a “neutral” rating and reduced their price target for the stock 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 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 $649,857.60. This represents a 7.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.