Alamo Group (NYSE:ALG) Posts Quarterly Earnings Results, Misses Expectations By $0.36 EPS

Alamo Group (NYSE:ALG) released its quarterly earnings data on Monday. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.36), FiscalAI reports. Alamo Group had a return on equity of 11.11% and a net margin of 7.20%.The company had revenue of $373.65 million for the quarter, compared to analyst estimates of $405.18 million.

Alamo Group Stock Up 2.1%

NYSE ALG traded up $4.57 during trading hours on Monday, hitting $218.10. The company’s stock had a trading volume of 101,056 shares, compared to its average volume of 111,649. Alamo Group has a 52 week low of $156.29 and a 52 week high of $233.29. The company has a market capitalization of $2.64 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The company has a current ratio of 4.43, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $193.64 and its two-hundred day simple moving average is $189.17.

Alamo Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were issued a $0.34 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. Alamo Group’s dividend payout ratio (DPR) is currently 14.11%.

Analyst Upgrades and Downgrades

ALG has been the topic of a number of recent research reports. Wall Street Zen lowered Alamo Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. CJS Securities upgraded shares of Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Finally, DA Davidson cut their price objective on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Alamo Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in Alamo Group by 136.2% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after buying an additional 177 shares during the period. Jones Financial Companies Lllp boosted its stake in Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 314 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Alamo Group during the 4th quarter valued at approximately $76,000. State of Wyoming increased its stake in shares of Alamo Group by 76.5% during the 4th quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 205 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Alamo Group during the 2nd quarter worth approximately $87,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Company Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.