Alliance Laundry Holdings Inc. (NYSE:ALH) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.20.

A number of research firms have issued reports on ALH. Robert W. Baird upped their target price on shares of Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Zacks Research downgraded Alliance Laundry from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on shares of Alliance Laundry from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Laundry in a report on Friday, August 7th. Finally, BMO Capital Markets upped their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, August 17th.

Insider Buying and Selling at Alliance Laundry

In other news, insider Amanda Kopetsky sold 13,472 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $27.00, for a total value of $363,744.00. Following the completion of the sale, the insider owned 7,331 shares of the company’s stock, valued at approximately $197,937. The trade was a 64.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $21.05, for a total value of $1,578,750.00. Following the sale, the chief operating officer owned 374,563 shares in the company, valued at $7,884,551.15. The trade was a 16.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 169,472 shares of company stock worth $3,959,544 in the last 90 days. 7.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alliance Laundry

A number of large investors have recently bought and sold shares of ALH. Integrated Wealth Concepts LLC bought a new position in Alliance Laundry during the 2nd quarter worth $36,000. HighTower Advisors LLC raised its position in Alliance Laundry by 3.5% in the second quarter. HighTower Advisors LLC now owns 16,410 shares of the company’s stock worth $435,000 after acquiring an additional 556 shares in the last quarter. AXQ Capital LP bought a new stake in shares of Alliance Laundry in the 2nd quarter worth approximately $999,000. Corient Private Wealth LP acquired a new stake in shares of Alliance Laundry during the 2nd quarter valued at $1,182,000. Finally, Bank of America Corp DE purchased a new stake in shares of Alliance Laundry during the second quarter valued at $14,037,000.

Alliance Laundry Price Performance

Alliance Laundry stock opened at $21.07 on Thursday. The firm has a market capitalization of $4.19 billion and a PE ratio of 23.15. Alliance Laundry has a 52 week low of $18.64 and a 52 week high of $28.23. The firm’s 50-day simple moving average is $23.33 and its 200 day simple moving average is $24.19. The company has a quick ratio of 1.14, a current ratio of 1.43 and a debt-to-equity ratio of 3.35.

Alliance Laundry (NYSE:ALH) last posted its earnings results on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. The firm had revenue of $476.75 million during the quarter. On average, equities research analysts predict that Alliance Laundry will post 1.34 EPS for the current fiscal year.

About Alliance Laundry

Alliance Laundry is a commercial and residential laundry equipment company headquartered in Ripon, Wisconsin. The company designs, manufactures and markets washing machines, dryers and related laundry systems for consumers, laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial customers.

Its portfolio includes equipment and laundry solutions sold under brands such as Speed Queen, UniMac, Huebsch, IPSO and Primus.