Alamo Group, Inc. (ALG) – What Are Brokerages Saying About This Stock?

Alamo Group, Inc. (NYSE:ALG) has earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities 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 brokerages that have issued ratings on the stock in the last year is $188.00.

Separately, Weiss Ratings downgraded shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd.

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 on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the transaction, the executive vice president directly owned 8,142 shares of the company’s stock, valued at approximately $1,338,626.22. This represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Alamo Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Alamo Group in the second quarter worth approximately $288,972,000. Dimensional Fund Advisors LP lifted its stake in shares of Alamo Group by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 527,399 shares of the industrial products company’s stock valued at $87,006,000 after purchasing an additional 27,597 shares during the last quarter. First Trust Advisors LP boosted its holdings in Alamo Group by 5.4% in the first quarter. First Trust Advisors LP now owns 469,289 shares of the industrial products company’s stock worth $77,419,000 after purchasing an additional 24,184 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in Alamo Group by 189.3% in the first quarter. Copeland Capital Management LLC now owns 181,465 shares of the industrial products company’s stock worth $29,936,000 after purchasing an additional 118,737 shares in the last quarter. Finally, Jupiter Topco LLC bought a new stake in Alamo Group in the second quarter worth $28,617,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Trading Up 0.8%

Alamo Group stock opened at $147.88 on Friday. The company has a 50 day moving average price of $159.56 and a 200 day moving average price of $169.04. Alamo Group has a 52 week low of $142.84 and a 52 week high of $219.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.48 and a current ratio of 4.39. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 0.87 and a beta of 1.08.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.08. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. The firm had revenue of $450.73 million for the quarter, compared to analysts’ expectations of $437.48 million. Research analysts forecast that Alamo Group will post 10.52 EPS for the current year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, October 15th. Alamo Group’s payout ratio is currently 16.31%.

About Alamo Group

Alamo Group Inc (NYSE: ALG) manufactures equipment used in the maintenance of infrastructure, vegetation, and agricultural land. Its products are primarily sold to municipalities, government agencies, contractors, utility companies, transportation departments, and agricultural customers.

The company’s product portfolio includes mowing and vegetation-management equipment, street sweepers, snow-removal equipment, vacuum trucks, excavators, agricultural implements, and other specialized machinery.