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

Shares of Alamo Group, Inc. (NYSE:ALG) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned 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 $225.00.

Several research firms have weighed in on ALG. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday. William Blair started coverage on Alamo Group in a research report on Monday, March 16th. They set an “outperform” rating on the stock. DA Davidson reaffirmed a “neutral” rating and set a $190.00 target price on shares of Alamo Group in a report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a report on Friday, March 27th.

Insider Buying and Selling at Alamo Group

In other news, Director Nina C. Grooms sold 499 shares of Alamo Group stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $175.19, for a total value of $87,419.81. Following the completion of the sale, the director directly owned 2,844 shares of the company’s stock, valued at approximately $498,240.36. The trade was a 14.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Edward Rizzuti sold 600 shares of Alamo Group stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $170.93, for a total value of $102,558.00. Following the completion of the sale, the executive vice president directly owned 10,857 shares of the company’s stock, valued at $1,855,787.01. The trade was a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Alamo Group

Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of Alamo Group by 136.2% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 314 shares in the last quarter. MAI Capital Management acquired a new position in Alamo Group during the 3rd quarter worth $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Alamo Group during the 2nd quarter worth $87,000. Finally, Kestra Advisory Services LLC acquired a new position in Alamo Group during the 4th quarter worth $76,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Trading Down 1.3%

ALG opened at $164.01 on Friday. Alamo Group has a 12 month low of $156.29 and a 12 month high of $233.29. The stock has a fifty day moving average price of $174.04 and a 200-day moving average price of $179.02. The company has a current ratio of 4.32, a quick ratio of 2.82 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 0.98 and a beta of 1.17.

Alamo Group (NYSE:ALG) last announced its earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.36. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%.The firm had revenue of $417.15 million for the quarter, compared to the consensus estimate of $398.02 million. As a group, equities research analysts anticipate that Alamo Group will post 10.63 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Alamo Group’s payout ratio is 16.27%.

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.