Alamo Group, Inc. (NYSE:ALG) Receives Consensus Rating of “Hold” from Analysts

Shares of Alamo Group, Inc. (NYSE:ALG) have been assigned an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $222.3333.

A number of equities research analysts recently issued reports on ALG shares. Robert W. Baird upgraded shares of Alamo Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $209.00 to $260.00 in a report on Monday, August 4th. Zacks Research cut shares of Alamo Group from a “hold” rating to a “strong sell” rating in a research note on Thursday. Baird R W upgraded Alamo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Wall Street Zen lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Alamo Group in a research report on Thursday.

Alamo Group Trading Down 2.2%

Shares of NYSE:ALG traded down $3.61 during midday trading on Friday, reaching $162.05. The company’s stock had a trading volume of 133,038 shares, compared to its average volume of 105,639. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.94 and a beta of 1.13. The business has a 50 day moving average price of $187.16 and a 200 day moving average price of $202.54. Alamo Group has a 1 year low of $157.07 and a 1 year high of $233.29. The company has a quick ratio of 2.76, a current ratio of 4.56 and a debt-to-equity ratio of 0.18.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a return on equity of 11.45% and a net margin of 7.41%.The business had revenue of $420.04 million during the quarter, compared to analyst estimates of $407.55 million. Research analysts forecast that Alamo Group will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. Alamo Group’s payout ratio is presently 12.45%.

Insider Transactions at Alamo Group

In other Alamo Group news, CEO Jeffery Allen Leonard sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.19, for a total transaction of $555,475.00. Following the completion of the sale, the chief executive officer directly owned 38,413 shares in the company, valued at $8,534,984.47. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Alamo Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in Alamo Group by 30.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Alamo Group by 31.6% during the first quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company’s stock worth $49,000 after buying an additional 65 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after buying an additional 314 shares during the last quarter. MAI Capital Management acquired a new stake in Alamo Group in the third quarter valued at $73,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Alamo Group during the 2nd quarter valued at $87,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis 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.