Alamo Group, Inc. (NYSE:ALG) Receives Consensus Rating of “Moderate Buy” from 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 firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $188.00.

Several research analysts recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and set a $188.00 target price on shares of Alamo Group in a research report on Wednesday, July 1st. Weiss Ratings upgraded Alamo Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th.

Insider Activity at Alamo Group

In other news, EVP Edward Rizzuti sold 2,537 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $174.68, for a total transaction of $443,163.16. Following the completion of the sale, the executive vice president owned 5,605 shares of the company’s stock, valued at $979,081.40. This trade represents a 31.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new stake in Alamo Group in the second quarter worth $332,000. Tidal Investments LLC boosted its position in shares of Alamo Group by 12.1% during the 2nd quarter. Tidal Investments LLC now owns 4,024 shares of the industrial products company’s stock worth $662,000 after purchasing an additional 435 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Alamo Group during the 2nd quarter worth about $749,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Alamo Group in the 2nd quarter valued at about $25,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Alamo Group in the 2nd quarter valued at about $25,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Trading Up 0.2%

NYSE ALG opened at $168.71 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. Alamo Group has a twelve month low of $145.76 and a twelve month high of $219.88. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $165.38 and its 200 day moving average is $164.69.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%.The company had revenue of $450.73 million during the quarter, compared to the consensus estimate of $437.48 million. As a group, sell-side analysts expect that Alamo Group will post 10.56 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 16th. Alamo Group’s dividend payout ratio is presently 16.31%.

Alamo Group Company Profile

Alamo Group Inc (NYSE:ALG) designs, manufactures, distributes and services equipment used in vegetation management, infrastructure maintenance and agricultural applications. Its products are sold primarily to government agencies, municipalities, contractors, utility companies, industrial organizations and agricultural customers.

The company’s product portfolio includes truck- and tractor-mounted mowing equipment, roadside and vegetation-management machinery, snow removal equipment, street sweepers, vacuum trucks, excavators and other specialized infrastructure-maintenance equipment.