Alamo Group, Inc. (NYSE:ALG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Alamo Group, Inc. (NYSE:ALG) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $222.3333.

Several analysts recently issued reports on the company. CJS Securities upgraded Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. 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 report on Tuesday, November 11th. Wall Street Zen cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th.

Insider Activity at Alamo Group

In other Alamo Group news, CEO Robert Paul Hureau purchased 600 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of $167.77 per share, for a total transaction of $100,662.00. Following the purchase, the chief executive officer owned 11,588 shares in the company, valued at approximately $1,944,118.76. The trade was a 5.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 1,058 shares of company stock worth $175,209. Insiders own 1.18% of the company’s stock.

Institutional Trading of Alamo Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in Alamo Group by 2.4% in the 2nd quarter. Bank of Montreal Can now owns 1,947 shares of the industrial products company’s stock valued at $425,000 after acquiring an additional 45 shares during the period. Natixis Advisors LLC boosted its stake in Alamo Group by 0.4% in the 3rd quarter. Natixis Advisors LLC now owns 15,926 shares of the industrial products company’s stock valued at $3,040,000 after purchasing an additional 61 shares during the period. Hudson Edge Investment Partners Inc. grew its holdings in Alamo Group by 1.5% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 4,372 shares of the industrial products company’s stock valued at $835,000 after buying an additional 65 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Alamo Group by 4.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,649 shares of the industrial products company’s stock worth $315,000 after buying an additional 73 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of Alamo Group by 3.2% during the third quarter. Amalgamated Bank now owns 3,054 shares of the industrial products company’s stock worth $583,000 after buying an additional 94 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Price Performance

Shares of ALG opened at $190.91 on Thursday. The company has a quick ratio of 2.72, a current ratio of 4.43 and a debt-to-equity ratio of 0.17. Alamo Group has a twelve month low of $156.29 and a twelve month high of $233.29. The stock has a market capitalization of $2.31 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.08 and a beta of 1.12. The company has a 50 day moving average of $175.82 and a 200-day moving average of $191.47.

Alamo Group (NYSE:ALG) last announced its earnings results on Thursday, November 6th. The industrial products company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.61 by ($0.27). Alamo Group had a return on equity of 11.11% and a net margin of 7.20%.The business had revenue of $420.04 million for the quarter, compared to analyst estimates of $407.55 million. As a group, equities research analysts forecast that Alamo Group will post 9.53 EPS for the current fiscal year.

Alamo Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 16th will be paid a $0.34 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, January 16th. Alamo Group’s dividend payout ratio is currently 14.11%.

About Alamo Group

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.