Alamo Group, Inc. (NYSE:ALG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Alamo Group, Inc. (NYSE:ALG) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $188.00.

A number of equities research analysts have recently issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and set a $188.00 target price on shares of Alamo Group in a report on Wednesday, July 1st. Weiss Ratings downgraded shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th.

Insider Buying and Selling at Alamo Group

In other news, EVP Edward Rizzuti sold 2,715 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.41, for a total value of $446,373.15. Following the completion of the sale, the executive vice president directly owned 8,142 shares in the company, valued at $1,338,626.22. This represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alamo Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC increased its holdings in shares of Alamo Group by 209.0% during the 4th quarter. Natixis Advisors LLC now owns 49,217 shares of the industrial products company’s stock worth $8,262,000 after buying an additional 33,291 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Alamo Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company’s stock valued at $134,000,000 after acquiring an additional 12,499 shares during the last quarter. UBS Group AG lifted its holdings in Alamo Group by 26.7% in the fourth quarter. UBS Group AG now owns 58,708 shares of the industrial products company’s stock valued at $9,855,000 after acquiring an additional 12,361 shares during the last quarter. Janus Henderson Group PLC grew its position in Alamo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 167,983 shares of the industrial products company’s stock worth $27,713,000 after acquiring an additional 20,410 shares during the period. Finally, Sei Investments Co. increased its stake in Alamo Group by 47.3% during the first quarter. Sei Investments Co. now owns 49,937 shares of the industrial products company’s stock worth $8,236,000 after acquiring an additional 16,034 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Down 0.1%

Shares of ALG opened at $164.20 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.48 and a current ratio of 4.39. Alamo Group has a one year low of $145.76 and a one year high of $224.67. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 0.97 and a beta of 1.10. The stock has a 50 day moving average price of $163.63 and a 200 day moving average price of $170.18.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.74 by $0.08. The firm had revenue of $450.73 million during the quarter, compared to the consensus estimate of $437.48 million. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. Equities research analysts forecast that Alamo Group will post 10.56 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 16th. Alamo Group’s dividend payout ratio (DPR) is 16.31%.

About Alamo Group

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.