Analysts Set Alamo Group, Inc. (NYSE:ALG) PT at $225.00

Alamo Group, Inc. (NYSE:ALG) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $225.00.

Several brokerages have weighed in on ALG. Zacks Research downgraded Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. William Blair initiated coverage on Alamo Group in a research report on Monday, March 16th. They issued an “outperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a report on Friday, March 27th. Finally, DA Davidson restated a “neutral” rating and set a $190.00 target price on shares of Alamo Group in a report on Monday, March 9th.

Insiders Place Their Bets

In other Alamo Group news, Director Nina C. Grooms sold 499 shares of the 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 transaction, the director owned 2,844 shares in the company, valued at approximately $498,240.36. This represents a 14.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Paul Hureau bought 460 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was bought at an average cost of $164.40 per share, for a total transaction of $75,624.00. Following the completion of the purchase, the chief executive officer owned 12,506 shares of the company’s stock, valued at approximately $2,055,986.40. The trade was a 3.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alamo Group

A number of institutional investors have recently modified their holdings of ALG. 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 worth $52,000 after acquiring an additional 177 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Alamo Group by 3,140.0% during the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after buying an additional 314 shares during the last quarter. MAI Capital Management purchased a new stake in shares of Alamo Group during the third quarter valued at $73,000. Kestra Advisory Services LLC purchased a new stake in shares of Alamo Group during the fourth quarter valued at $76,000. Finally, State of Wyoming boosted its position in shares of Alamo Group by 76.5% during the fourth quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock valued at $79,000 after buying an additional 205 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Performance

Shares of ALG stock opened at $167.93 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.82 and a current ratio of 4.57. Alamo Group has a fifty-two week low of $156.29 and a fifty-two week high of $233.29. The stock has a 50 day moving average price of $184.28 and a two-hundred day moving average price of $180.58. The company has a market capitalization of $2.04 billion, a P/E ratio of 19.55, a PEG ratio of 1.02 and a beta of 1.20.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Monday, March 2nd. The industrial products company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.36). Alamo Group had a net margin of 6.47% and a return on equity of 10.04%. The company had revenue of $373.65 million during the quarter, compared to the consensus estimate of $405.18 million. Analysts expect that Alamo Group will post 9.53 earnings per share for the current year.

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Alamo Group’s dividend payout ratio is 15.83%.

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.