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

Alamo Group (NYSE:ALG) announced its earnings results on Thursday. The industrial products company reported $2.39 earnings per share for the quarter, beating 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 Trading Down 0.5 %

ALG stock traded down $0.90 during trading on Thursday, hitting $184.04. The company had a trading volume of 87,764 shares, compared to its average volume of 95,631. The firm has a market capitalization of $2.22 billion, a P/E ratio of 18.53 and a beta of 1.10. Alamo Group has a 52-week low of $163.74 and a 52-week high of $228.88. The company has a 50 day simple moving average of $184.30 and a 200-day simple moving average of $183.91. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, January 16th. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. Alamo Group’s dividend payout ratio (DPR) is currently 12.08%.

Insider Buying and Selling

In related 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 value of $49,706.37. Following the transaction, the vice president now owns 3,360 shares of the company’s stock, valued at $649,857.60. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Robert W. Baird raised their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

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.