Brokerages Set Alamo Group, Inc. (NYSE:ALG) Price Target at $222.33

Alamo Group, Inc. (NYSE:ALG) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $222.3333.

A number of analysts recently weighed in on ALG shares. DA Davidson lowered their target price on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Robert W. Baird upgraded shares of Alamo Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $209.00 to $260.00 in a research note on Monday, August 4th. Zacks Research lowered Alamo Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Wall Street Zen cut Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Alamo Group in a research report on Thursday.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $162.53 on Friday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.94 and a beta of 1.13. Alamo Group has a one year low of $157.07 and a one year high of $233.29. The business has a fifty day simple moving average of $186.18 and a 200 day simple moving average of $202.99. The company has a current ratio of 4.56, a quick ratio of 2.76 and a debt-to-equity ratio of 0.18.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a return on equity of 11.45% and a net margin of 7.41%.The business had revenue of $420.04 million for the quarter, compared to analyst estimates of $407.55 million. Sell-side analysts expect that Alamo Group will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

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

Insider Buying and Selling at Alamo Group

In other news, CEO Robert Paul Hureau bought 600 shares of the stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of $167.77 per share, with a total value of $100,662.00. Following the acquisition, the chief executive officer owned 11,588 shares in the company, valued at $1,944,118.76. This trade represents a 5.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffery Allen Leonard sold 2,500 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.19, for a total transaction of $555,475.00. Following the sale, the chief executive officer owned 38,413 shares of the company’s stock, valued at $8,534,984.47. This trade represents a 6.11% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is currently owned by insiders.

Institutional Trading of Alamo Group

Several hedge funds have recently modified their holdings of ALG. Nisa Investment Advisors LLC raised its stake in shares of Alamo Group by 30.0% in the first quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in 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. Jones Financial Companies Lllp raised its position in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the last quarter. MAI Capital Management acquired a new position in Alamo Group in the third quarter worth $73,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Alamo Group in the second quarter worth $87,000. 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.