Alamo Group (NYSE:ALG - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Alamo Group to post earnings of $2.25 per share and revenue of $396.85 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Alamo Group Stock Down 1.2 %
Shares of Alamo Group stock traded down $2.18 on Friday, hitting $186.12. The company had a trading volume of 54,472 shares, compared to its average volume of 94,273. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 18.75 and a beta of 1.10. The stock has a 50 day moving average of $185.04 and a 200-day moving average of $183.43. Alamo Group has a 1 year low of $163.74 and a 1 year high of $228.88.
Alamo Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Alamo Group's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. Alamo Group's dividend payout ratio (DPR) is presently 12.08%.
Insider Buying and Selling at Alamo Group
In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the stock in a transaction on Monday, December 16th. The stock was 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 directly owns 3,360 shares of the company's stock, valued at approximately $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on ALG shares. Robert W. Baird increased their price target on Alamo Group from $204.00 to $205.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. StockNews.com downgraded Alamo Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.
Check Out Our Latest Report on Alamo Group
About Alamo Group
(
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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.
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