Alamo Group (NYSE:ALG) Announces Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Alamo Group (NYSE:ALG – Get Rating) issued its earnings results on Wednesday. The industrial products company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.08), MarketWatch Earnings reports. Alamo Group had a net margin of 6.01% and a return on equity of 11.66%. During the same period last year, the company posted $1.47 earnings per share.

ALG stock opened at $121.48 on Friday. The firm has a 50 day moving average of $139.61 and a two-hundred day moving average of $144.44. Alamo Group has a 12 month low of $121.29 and a 12 month high of $165.98. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.79 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.36.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Monday, April 18th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, April 14th. Alamo Group’s payout ratio is presently 10.54%.

Several institutional investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. acquired a new stake in shares of Alamo Group in the 4th quarter valued at $256,000. Deutsche Bank AG lifted its position in shares of Alamo Group by 2.7% in the fourth quarter. Deutsche Bank AG now owns 6,939 shares of the industrial products company’s stock worth $1,021,000 after buying an additional 182 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Alamo Group by 2.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,518 shares of the industrial products company’s stock worth $1,253,000 after acquiring an additional 193 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Alamo Group by 16.6% during the 4th quarter. Advisors Asset Management Inc. now owns 9,469 shares of the industrial products company’s stock valued at $1,394,000 after acquiring an additional 1,347 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Alamo Group by 52.7% in the 3rd quarter. Millennium Management LLC now owns 11,251 shares of the industrial products company’s stock valued at $1,570,000 after acquiring an additional 3,884 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Several research analysts have weighed in on the stock. StockNews.com initiated coverage on shares of Alamo Group in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Alamo Group from a “sell” rating to a “hold” rating in a report on Monday, January 10th.

About Alamo Group (Get Rating)

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. Its Vegetation Management Division segment offers hydraulically-powered and tractor-mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty applications, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.

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