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

Shares of Alamo Group, Inc. (NYSE:ALG) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $222.3333.

Several analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a report on Monday. Zacks Research lowered shares of Alamo Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. DA Davidson lowered their target price on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th.

Alamo Group Price Performance

Shares of NYSE:ALG opened at $178.56 on Wednesday. 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 market cap of $2.16 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. The firm’s fifty day moving average is $172.62 and its 200-day moving average is $198.76.

Alamo Group (NYSE:ALG) last announced its earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($0.27). Alamo Group had a return on equity of 11.11% and a net margin of 7.20%.The company had revenue of $420.04 million for the quarter, compared to the consensus estimate of $407.55 million. Sell-side analysts predict that Alamo Group will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 28th. Investors of record on Wednesday, October 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.20 annualized dividend and a yield of 0.7%. Alamo Group’s dividend payout ratio (DPR) is currently 12.45%.

Insider Transactions at Alamo Group

In other Alamo Group news, CEO Robert Paul Hureau purchased 600 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $167.77 per share, for a total transaction of $100,662.00. Following the acquisition, the chief executive officer owned 11,588 shares of the company’s stock, valued at approximately $1,944,118.76. This represents a 5.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 1,058 shares of company stock valued at $175,209 over the last quarter. 1.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ALG. Bank of Montreal Can increased its holdings in Alamo Group by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 1,947 shares of the industrial products company’s stock worth $425,000 after acquiring an additional 45 shares during the period. Natixis Advisors LLC grew its position in shares of Alamo Group by 0.4% during the 3rd quarter. Natixis Advisors LLC now owns 15,926 shares of the industrial products company’s stock valued at $3,040,000 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 1st quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 65 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in shares of Alamo Group by 1.5% in the third quarter. Hudson Edge Investment Partners Inc. now owns 4,372 shares of the industrial products company’s stock worth $835,000 after purchasing an additional 65 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Alamo Group by 4.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,649 shares of the industrial products company’s stock worth $315,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds 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.