Shares of Alamo Group, Inc. (NYSE:ALG) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Zacks has also given Alamo Group an industry rank of 181 out of 256 based on the ratings given to related companies.

ALG stock traded up $1.32 during midday trading on Wednesday, hitting $95.49. The company’s stock had a trading volume of 70,626 shares, compared to its average volume of 72,177. The company has a current ratio of 4.63, a quick ratio of 2.79 and a debt-to-equity ratio of 0.35. Alamo Group has a 1 year low of $72.50 and a 1 year high of $106.19. The stock has a market cap of $1.11 billion, a P/E ratio of 15.85 and a beta of 0.86.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.08). Alamo Group had a return on equity of 13.97% and a net margin of 7.18%. The business had revenue of $261.93 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were given a $0.12 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.48 annualized dividend and a yield of 0.50%.

In other Alamo Group news, CEO Ronald A. Robinson sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $104.01, for a total value of $832,080.00. Following the sale, the chief executive officer now directly owns 248,260 shares in the company, valued at $25,821,522.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rick Parod bought 1,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was purchased at an average price of $98.13 per share, for a total transaction of $98,130.00. Following the completion of the purchase, the director now owns 2,696 shares of the company’s stock, valued at $264,558.48. The disclosure for this purchase can be found here. In the last three months, insiders sold 33,900 shares of company stock worth $3,392,657. Insiders own 3.29% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB bought a new stake in shares of Alamo Group in the first quarter valued at $970,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Alamo Group by 34.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 16,530 shares of the industrial products company’s stock valued at $1,652,000 after buying an additional 4,260 shares during the period. One Wealth Advisors LLC bought a new stake in shares of Alamo Group in the first quarter valued at $30,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Alamo Group in the first quarter valued at $55,000. Finally, SEI Investments Co bought a new stake in shares of Alamo Group in the first quarter valued at $129,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor- and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.

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