American Vanguard Co. (NYSE:AVD – Get Rating) announced a quarterly dividend on Monday, December 12th, Zacks reports. Shareholders of record on Wednesday, December 28th will be paid a dividend of 0.03 per share by the basic materials company on Wednesday, January 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, December 27th. This is a boost from American Vanguard’s previous quarterly dividend of $0.03.
American Vanguard has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Vanguard to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 10.0%.
American Vanguard Price Performance
Shares of NYSE AVD opened at $22.15 on Monday. American Vanguard has a twelve month low of $13.82 and a twelve month high of $25.99. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $655.24 million, a price-to-earnings ratio of 23.32 and a beta of 0.93. The firm has a 50-day moving average of $22.63 and a two-hundred day moving average of $21.60.
American Vanguard (NYSE:AVD – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The basic materials company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $152.12 million during the quarter, compared to the consensus estimate of $156.80 million. American Vanguard had a net margin of 4.66% and a return on equity of 7.55%. As a group, analysts expect that American Vanguard will post 1.04 earnings per share for the current fiscal year.
Institutional Investors Weigh In On American Vanguard
Large investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in American Vanguard by 85.0% in the 1st quarter. Captrust Financial Advisors now owns 1,417 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 651 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of American Vanguard by 1,034.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,314 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 3,022 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of American Vanguard in the first quarter worth $80,000. Public Employees Retirement System of Ohio grew its holdings in shares of American Vanguard by 345.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,594 shares of the basic materials company’s stock valued at $86,000 after buying an additional 3,562 shares in the last quarter. Finally, UBS Group AG acquired a new position in American Vanguard during the third quarter valued at $97,000. Institutional investors and hedge funds own 81.45% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on American Vanguard in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company.
American Vanguard Company Profile
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, soil health, plant nutrition, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.