Alamo Group (NYSE:ALG) Releases Quarterly Earnings Results, Misses Estimates By $0.56 EPS
by Michael Walen · The Markets DailyAlamo Group (NYSE:ALG – Get Free Report) released its quarterly earnings data on Monday. The industrial products company reported $2.06 earnings per share 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 during the quarter, compared to analyst estimates of $437.11 million.
Alamo Group Trading Up 3.6%
ALG stock traded up $5.38 during trading on Monday, hitting $153.14. The company had a trading volume of 219,474 shares, compared to its average volume of 162,496. 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 has a 12 month low of $142.84 and a 12 month high of $219.88. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.88 and a beta of 1.08. The firm has a 50-day moving average price of $159.56 and a 200-day moving average price of $169.04.
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 paid a $0.34 dividend. The ex-dividend date was Thursday, October 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. Alamo Group’s dividend payout ratio (DPR) is 16.31%.
Analyst Ratings Changes
Separately, Weiss Ratings cut Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.
View Our Latest Stock Report on Alamo Group
Insider Transactions at Alamo Group
In other Alamo Group news, EVP Edward Rizzuti sold 2,715 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the sale, the executive vice president directly owned 8,142 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.
About Alamo Group
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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