Research Analysts Issue Forecasts for Alamo Group, Inc.’s Q1 2018 Earnings (ALG)
Alamo Group, Inc. (NYSE:ALG) – Seaport Global Securities issued their Q1 2018 earnings estimates for shares of Alamo Group in a report released on Thursday. Seaport Global Securities analyst M. Shlisky expects that the industrial products company will post earnings of $1.15 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating and a $80.00 price target on the stock. Seaport Global Securities also issued estimates for Alamo Group’s Q4 2018 earnings at $0.85 EPS.
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ALG has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Alamo Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. BidaskClub upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $90.00 target price on shares of Alamo Group in a research report on Friday, July 14th.
Shares of Alamo Group (ALG) traded up 0.66% on Monday, hitting $92.00. 15,167 shares of the stock were exchanged. Alamo Group has a 1-year low of $58.30 and a 1-year high of $94.01. The stock’s 50-day moving average is $90.53 and its 200-day moving average is $80.88. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 24.47 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Monday, July 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, July 13th. Alamo Group’s dividend payout ratio (DPR) is presently 10.64%.
In other Alamo Group news, CEO Ronald A. Robinson sold 25,000 shares of Alamo Group stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $83.76, for a total transaction of $2,094,000.00. Following the transaction, the chief executive officer now directly owns 222,575 shares of the company’s stock, valued at $18,642,882. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David W. Grzelak sold 2,201 shares of Alamo Group stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $92.18, for a total transaction of $202,888.18. Following the transaction, the director now directly owns 1,325 shares in the company, valued at $122,138.50. The disclosure for this sale can be found here. Insiders have sold 39,235 shares of company stock worth $3,314,748 over the last three months. Insiders own 3.99% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of Alamo Group by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock valued at $130,000 after buying an additional 156 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Alamo Group by 37.5% in the first quarter. Bank of New York Mellon Corp now owns 179,240 shares of the industrial products company’s stock valued at $13,655,000 after buying an additional 48,873 shares during the period. Capital Fund Management S.A. boosted its stake in Alamo Group by 19.5% in the first quarter. Capital Fund Management S.A. now owns 11,475 shares of the industrial products company’s stock valued at $874,000 after buying an additional 1,875 shares during the period. Advisors Asset Management Inc. boosted its stake in Alamo Group by 25.7% in the first quarter. Advisors Asset Management Inc. now owns 13,289 shares of the industrial products company’s stock valued at $1,012,000 after buying an additional 2,719 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Alamo Group by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 12,474 shares of the industrial products company’s stock valued at $950,000 after buying an additional 523 shares during the period. 89.93% of the stock is currently owned by institutional investors.
Alamo Group Company Profile
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. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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