Alamo Group, Inc. (ALG) to Issue Quarterly Dividend of $0.34 on January 29th

Alamo Group, Inc. (NYSE:ALG) announced a quarterly dividend on Friday, January 2nd. Shareholders of record on Friday, January 16th will be paid a dividend of 0.34 per share by the industrial products company on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 16th. This is a 13.3% increase from Alamo Group’s previous quarterly dividend of $0.30.

Alamo Group has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Alamo Group has a payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alamo Group to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 12.1%.

Alamo Group Trading Up 0.7%

Shares of ALG stock traded up $1.39 during mid-day trading on Wednesday, reaching $190.25. The stock had a trading volume of 1,599 shares, compared to its average volume of 112,988. The stock’s 50-day moving average price is $170.16 and its two-hundred day moving average price is $193.78. The firm has a market capitalization of $2.30 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12. The company has a current ratio of 4.43, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17. Alamo Group has a 52-week low of $156.29 and a 52-week high of $233.29.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). The business had revenue of $420.04 million for the quarter, compared to the consensus estimate of $407.55 million. Alamo Group had a net margin of 7.20% and a return on equity of 11.11%. Equities analysts expect that Alamo Group will post 9.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert Paul Hureau acquired 600 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was purchased at an average price of $167.77 per share, for a total transaction of $100,662.00. Following the purchase, the chief executive officer owned 11,588 shares in the company, valued at approximately $1,944,118.76. This represents a 5.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired 1,058 shares of company stock worth $175,209 in the last three months. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Alamo Group

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in Alamo Group by 7.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the industrial products company’s stock worth $1,350,000 after buying an additional 441 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Alamo Group by 8.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,292 shares of the industrial products company’s stock worth $1,811,000 after purchasing an additional 635 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Alamo Group by 203.0% during the second quarter. Jump Financial LLC now owns 25,508 shares of the industrial products company’s stock valued at $5,570,000 after purchasing an additional 17,089 shares during the period. American Century Companies Inc. raised its stake in shares of Alamo Group by 201.6% during the second quarter. American Century Companies Inc. now owns 153,720 shares of the industrial products company’s stock valued at $33,569,000 after purchasing an additional 102,751 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in Alamo Group by 92.5% in the third quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock worth $38,895,000 after purchasing an additional 97,898 shares during the period. Institutional investors own 92.36% of the company’s stock.

About Alamo Group

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.