Alamo Group Inc. (NYSE:ALG) announced a quarterly dividend on Monday, October 3rd. Investors of record on Friday, October 14th will be given a dividend of 0.09 per share on Friday, October 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, October 12th.
Shares of Alamo Group (NYSE:ALG) opened at 66.57 on Friday. Alamo Group has a 12-month low of $43.98 and a 12-month high of $68.04. The company has a 50 day moving average of $64.89 and a 200-day moving average of $61.65. The firm has a market cap of $765.42 million, a PE ratio of 16.90 and a beta of 0.92.
Alamo Group (NYSE:ALG) last issued its earnings results on Thursday, August 4th. The company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.09. Alamo Group had a net margin of 5.16% and a return on equity of 12.34%. The firm earned $211.50 million during the quarter, compared to analyst estimates of $219.74 million. Equities research analysts forecast that Alamo Group will post $3.82 EPS for the current fiscal year.
A number of research analysts recently issued reports on the company. Zacks Investment Research cut Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $70.00 price target (up from $68.00) on shares of Alamo Group in a report on Wednesday, August 10th.
In other Alamo Group news, VP Richard J. Wehrle sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $63.59, for a total transaction of $158,975.00. Following the completion of the sale, the vice president now directly owns 11,649 shares of the company’s stock, valued at approximately $740,759.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.63% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the company. Teachers Advisors Inc. boosted its stake in shares of Alamo Group by 6.0% in the second quarter. Teachers Advisors Inc. now owns 15,003 shares of the company’s stock valued at $990,000 after buying an additional 855 shares in the last quarter. TFS Capital LLC purchased a new stake in shares of Alamo Group during the second quarter valued at $413,000. FMR LLC purchased a new stake in shares of Alamo Group during the second quarter valued at $3,514,000. American International Group Inc. boosted its stake in shares of Alamo Group by 23.8% in the second quarter. American International Group Inc. now owns 7,012 shares of the company’s stock valued at $463,000 after buying an additional 1,346 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Alamo Group by 2.4% in the second quarter. Franklin Resources Inc. now owns 452,300 shares of the company’s stock valued at $29,839,000 after buying an additional 10,560 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.
About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. Its products include tractor-mounted mowing and other vegetation maintenance equipment, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services.
Receive News & Ratings for Alamo Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamo Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.