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

Alamo Group (NYSE:ALG - Get Free Report) released its quarterly earnings results on Thursday. The industrial products company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.16, Zacks reports. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The company had revenue of $385.32 million during the quarter, compared to analysts' expectations of $396.85 million.

Alamo Group Stock Up 0.6 %

ALG traded up $1.08 on Monday, hitting $176.06. 102,695 shares of the company were exchanged, compared to its average volume of 101,171. Alamo Group has a twelve month low of $163.74 and a twelve month high of $228.88. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 17.72 and a beta of 1.10. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $183.83 and a two-hundred day moving average price of $184.12.

Alamo Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.30 per share. This is a boost from Alamo Group's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.20 annualized dividend and a yield of 0.68%. Alamo Group's dividend payout ratio (DPR) is 12.46%.

Insiders Place Their Bets

In related news, VP Janet S. Pollock sold 257 shares of the business's stock in a transaction dated Monday, December 16th. The stock was 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 in the company, valued at $649,857.60. The trade was a 7.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com raised Alamo Group from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. DA Davidson cut their price objective on Alamo Group from $219.00 to $217.00 and set a "buy" rating on the stock in a report on Monday. Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, Robert W. Baird lowered Alamo Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $224.00 to $177.00 in a report on Friday.

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.