Epoch Investment Partners Trims Stake in Alamo Group Inc
June 16, 2023
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Epoch Investment Partners Inc. recently showed a decrease in their stake in Alamo Group ($NYSE:ALG) Inc., a publically traded company based in Seguin, Texas. They are a leading global manufacturer and have a wide range of products including agricultural implements, street sweepers, snow removal equipment, excavation machines, and turf maintenance equipment. Alamo Group Inc. has also grown its parts and service support programs to complement its product range.
This has enabled the company to become a leader in technology advancement in the industry. The recent trimming of stake by Epoch Investment Partners Inc is in line with their decision to invest more into more diversified investments that are less reliant on the performance of any single stock.
Market Price
Several other institutional investors also recently added to or reduced their stakes in the business. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alamo Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.56k | 116.81 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alamo Group. More…
| Operations | Investing | Financing |
| 70.72 | -33.88 | -9.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alamo Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.43k | 606.86 | 68.65 |
Key Ratios Snapshot
Some of the financial key ratios for Alamo Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 20.7% | 11.0% |
| FCF Margin | ROE | ROA |
| 2.2% | 13.3% | 7.5% |
Analysis
GoodWhale has conducted an analysis of ALAMO GROUP and the results are very promising. According to our Star Chart, ALAMO GROUP is strong in asset, dividend, growth, and profitability. This has led us to classify ALAMO GROUP as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given its strong financials, we believe that ALAMO GROUP is a good choice for many investors. The company has a high health score of 8/10 with regard to its cashflows and debt, making it capable of safely riding out any crisis without the risk of bankruptcy. Therefore, we recommend ALAMO GROUP to investors who are looking for safe and profitable investments. More…
Peers
Its main competitors are Teikoku Sen-I Co Ltd, Weihai Guangtai Airport Equipment Co Ltd, and Action Construction Equipment Ltd.
– Teikoku Sen-I Co Ltd ($TSE:3302)
Teikoku Sen-I Co Ltd is a Japanese company that specializes in the production of electric motors and generators. The company has a market cap of 41.61B as of 2022 and a return on equity of 6.72%. The company’s products are used in a variety of applications, including automotive, industrial, and consumer electronics.
– Weihai Guangtai Airport Equipment Co Ltd ($SZSE:002111)
Weihai Guangtai Airport Equipment Co Ltd is an airport equipment manufacturer based in Weihai, China. The company has a market cap of 5.25B as of 2022 and a Return on Equity of -3.02%. Weihai Guangtai Airport Equipment Co Ltd manufactures and sells airport ground support equipment, including baggage tugs, belt loaders, and other equipment. The company also provides maintenance and repair services for its products.
– Action Construction Equipment Ltd ($BSE:532762)
Action Construction Equipment Ltd is an Indian company that manufactures and sells construction equipment. The company has a market cap of $35.55 billion as of 2022 and a return on equity of 15.17%. Action Construction Equipment Ltd is a leading manufacturer of construction equipment in India with a market share of over 60%. The company’s products include excavators, backhoe loaders, motor graders, and wheel loaders.
Summary
Investing in Alamo Group Inc. (ALG) has been a wise decision for many investors, as evidenced by Epoch Investment Partners Inc. recently trimming its position in the company. Alamo Group’s stock has traded at relatively high levels, with its current price-to-earnings ratio far above the industry average. The company has been growing its revenues and profits at a steady pace, and has been able to generate impressive returns on equity and assets.
Furthermore, Alamo Group has an attractive dividend yield that is significantly higher than the sector average. Overall, ALG’s strong fundamentals present an attractive opportunity for long-term investors.
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