Alamo Group (NYSE:ALG) Announces Quarterly Earnings Results
by Jessica Moore · The Cerbat GemAlamo Group (NYSE:ALG – Get Free Report) issued its quarterly earnings data on Monday. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.56), FiscalAI reports. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. The firm had revenue of $403.14 million for the quarter, compared to the consensus estimate of $437.11 million.
Alamo Group Stock Performance
Shares of Alamo Group stock traded up $5.38 during trading on Monday, reaching $153.14. The company’s stock had a trading volume of 219,474 shares, compared to its average volume of 162,496. The business’s 50-day moving average price is $159.56 and its 200-day moving average price is $169.04. The firm has a market cap of $1.86 billion, a PE ratio of 18.36, a P/E/G ratio of 0.88 and a beta of 1.08. Alamo Group has a 52 week low of $142.84 and a 52 week high of $219.88. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22.
Alamo Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Thursday, October 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 15th. Alamo Group’s payout ratio is presently 16.31%.
Analyst Ratings Changes
Separately, Weiss Ratings lowered Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alamo Group presently has an average rating of “Moderate Buy” and an average price target of $188.00.
Get Our Latest Analysis on Alamo Group
Insider Activity at Alamo Group
In related news, EVP Edward Rizzuti sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total transaction of $446,373.15. Following the transaction, the executive vice president directly owned 8,142 shares of the company’s stock, valued at approximately $1,338,626.22. This trade represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.
Alamo Group Company Profile
Alamo Group Inc (NYSE: ALG) manufactures equipment used in the maintenance of infrastructure, vegetation, and agricultural land. Its products are primarily sold to municipalities, government agencies, contractors, utility companies, transportation departments, and agricultural customers.
The company’s product portfolio includes mowing and vegetation-management equipment, street sweepers, snow-removal equipment, vacuum trucks, excavators, agricultural implements, and other specialized machinery.
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