Principal Financial Group Divests 2011 Shares of Alamo Group
November 24, 2023
☀️Trending News
Principal Financial Group Inc. has recently announced its plan to divest from Alamo Group ($NYSE:ALG) Inc., selling the company’s 2011 shares. Alamo Group Inc. is an industry leader in the design and manufacture of high-quality, highly engineered equipment for Infrastructure maintenance, agricultural, and other industrial markets worldwide. The company offers a wide range of products such as street sweepers, mowers, and snow removal equipment, as well as off-highway vehicles.
Share Price
On Monday, the Principal Financial Group Inc. divested its 2011 shares of Alamo Group Inc. On the same day, Alamo Group’s stock price opened at $186.4 and closed at the same price, up by a slight 0.2% from the previous closing price of $186.0. This news highlights the continual growth and stability of Alamo Group Inc., which produces and distributes high-quality equipment for infrastructure maintenance, agriculture, and other industrial sectors. With the divestment of these shares, Principal Financial Group Inc. is continuing to focus on its core businesses and maximize profits. 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 |
| 1.66k | 133.8 | 8.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alamo Group. More…
| Operations | Investing | Financing |
| 112.74 | -30.72 | -48.52 |
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 |
| 1.46k | 567.78 | 73.91 |
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 |
| 12.2% | 27.0% | 11.9% |
| FCF Margin | ROE | ROA |
| 4.7% | 14.1% | 8.5% |
Analysis
At GoodWhale, we have identified ALAMO GROUP as a strong potential investment opportunity based on our analysis of its fundamentals. Our star chart score is 8/10, indicating that ALAMO GROUP has a high health score with respect to its cashflows and debt. This strong score shows us that ALAMO GROUP is capable of safely riding out any financial crisis without the risk of bankruptcy. Additionally, our analysis shows that ALAMO GROUP is strong in asset, dividend, growth, and profitability. We have categorized ALAMO GROUP as a ‘gorilla’, meaning that we believe it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. We believe that this company is an attractive investment opportunity for those seeking long-term returns, as well as investors who value the stability and strength of a company’s fundamentals. With ALAMO GROUP’s strong fundamentals and competitive advantages, we believe it is capable of providing investors with continued returns over the long term. 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. (NYSE: ALG) shares can be an attractive option for investors looking for long-term growth. Overall, Alamo Group is an attractive option for long-term investors seeking growth and dividend income.
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