Alamo Group, Inc. (NYSE:ALG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Alamo Group, Inc. (NYSE:ALG) have received a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $222.3333.

A number of research analysts have recently issued reports on the company. CJS Securities raised Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen downgraded Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. DA Davidson reduced their price objective on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th.

Insider Buying and Selling at Alamo Group

In related news, CEO Robert Paul Hureau acquired 600 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $167.77 per share, with a total value of $100,662.00. Following the transaction, the chief executive officer directly owned 11,588 shares of the company’s stock, valued at $1,944,118.76. This trade represents a 5.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 1,058 shares of company stock worth $175,209 in the last quarter. 1.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in shares of Alamo Group by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 6,188 shares of the industrial products company’s stock valued at $1,350,000 after purchasing an additional 441 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Alamo Group by 8.3% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,292 shares of the industrial products company’s stock worth $1,811,000 after purchasing an additional 635 shares during the last quarter. Tributary Capital Management LLC grew its position in Alamo Group by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock worth $38,895,000 after purchasing an additional 97,898 shares in the last quarter. AlphaQuest LLC purchased a new stake in Alamo Group in the 3rd quarter valued at about $3,324,000. Finally, Jump Financial LLC increased its stake in Alamo Group by 203.0% in the 2nd quarter. Jump Financial LLC now owns 25,508 shares of the industrial products company’s stock valued at $5,570,000 after buying an additional 17,089 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Stock Up 3.9%

Alamo Group stock opened at $203.07 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43. Alamo Group has a 52-week low of $156.29 and a 52-week high of $233.29. The firm has a 50 day moving average price of $179.41 and a two-hundred day moving average price of $190.68. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.09 and a beta of 1.13.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a net margin of 7.20% and a return on equity of 11.11%. The firm had revenue of $420.04 million during the quarter, compared to the consensus estimate of $407.55 million. Equities analysts predict that Alamo Group will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.7%. This is an increase from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 16th. Alamo Group’s payout ratio is presently 14.11%.

Alamo Group Company Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.