Alamo Group, Inc. (NYSE:ALG)’s share price reached a new 52-week low on Thursday . The stock traded as low as $88.11 and last traded at $87.18, with a volume of 1032 shares changing hands. The stock had previously closed at $90.77.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Alamo Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. ValuEngine upgraded Alamo Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd.
The stock has a market capitalization of $1.07 billion, a P/E ratio of 18.04 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.66 and a quick ratio of 2.92.
Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.16. Alamo Group had a return on equity of 13.31% and a net margin of 5.43%. The firm had revenue of $257.13 million for the quarter, compared to the consensus estimate of $237.40 million. As a group, analysts expect that Alamo Group, Inc. will post 5.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Monday, October 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.44 dividend on an annualized basis and a yield of 0.53%. Alamo Group’s payout ratio is 9.50%.
In related news, VP Dan Edward Malone sold 1,964 shares of Alamo Group stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $96.13, for a total transaction of $188,799.32. Following the transaction, the vice president now owns 11,225 shares in the company, valued at $1,079,059.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Richard J. Wehrle sold 6,000 shares of Alamo Group stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $95.05, for a total value of $570,300.00. Following the transaction, the vice president now owns 16,404 shares in the company, valued at approximately $1,559,200.20. The disclosure for this sale can be found here. Company insiders own 3.48% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in Alamo Group by 54.7% during the second quarter. Victory Capital Management Inc. now owns 713,316 shares of the industrial products company’s stock worth $64,455,000 after acquiring an additional 252,089 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Alamo Group by 35.5% during the second quarter. Epoch Investment Partners Inc. now owns 242,268 shares of the industrial products company’s stock worth $21,892,000 after acquiring an additional 63,454 shares during the last quarter. BlackRock Inc. increased its stake in Alamo Group by 2.9% during the first quarter. BlackRock Inc. now owns 1,879,794 shares of the industrial products company’s stock worth $206,589,000 after acquiring an additional 53,829 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Alamo Group during the second quarter worth $4,093,000. Finally, PNC Financial Services Group Inc. increased its stake in Alamo Group by 17.4% during the second quarter. PNC Financial Services Group Inc. now owns 231,476 shares of the industrial products company’s stock worth $20,918,000 after acquiring an additional 34,390 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.
About Alamo Group (NYSE:ALG)
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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