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

Shares of Alamo Group, Inc. (NYSE:ALG) have been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the stock, MarketBeat.com 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 12-month price target among brokers that have issued ratings on the stock in the last year is $222.3333.

ALG has been the topic of several recent analyst reports. Wall Street Zen cut shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson decreased their price objective on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, CJS Securities raised Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th.

Insiders Place Their Bets

In other Alamo Group news, CEO Robert Paul Hureau purchased 304 shares of the stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $163.48 per share, with a total value of $49,697.92. Following the completion of the acquisition, the chief executive officer directly owned 12,046 shares in the company, valued at $1,969,280.08. This trade represents a 2.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.18% of the stock is currently owned by insiders.

Institutional Trading of Alamo Group

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alamo Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company’s stock valued at $1,084,000 after acquiring an additional 251 shares during the period. Millennium Management LLC raised its stake in Alamo Group by 164.7% during the 1st quarter. Millennium Management LLC now owns 63,588 shares of the industrial products company’s stock valued at $11,332,000 after purchasing an additional 39,564 shares during the period. Jones Financial Companies Lllp boosted its stake 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 worth $58,000 after purchasing an additional 314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alamo Group by 12.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,162 shares of the industrial products company’s stock valued at $6,444,000 after acquiring an additional 4,062 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Alamo Group in the 2nd quarter valued at $226,000. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Up 1.7%

Alamo Group stock opened at $213.80 on Monday. The company has a quick ratio of 2.72, a current ratio of 4.43 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $189.76 and a 200-day moving average price of $189.55. Alamo Group has a twelve month low of $156.29 and a twelve month high of $233.29. The company has a market capitalization of $2.59 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.19 and a beta of 1.13.

Alamo Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were given a dividend of $0.34 per share. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.36 dividend on an annualized basis and a yield of 0.6%. Alamo Group’s dividend payout ratio is 14.11%.

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.