FY2025 EPS Estimate for Alamo Group Decreased by Analyst

Alamo Group Inc. (NYSE:ALG) – Analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of Alamo Group in a note issued to investors on Tuesday, November 5th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will earn $11.27 per share for the year, down from their previous estimate of $12.64. DA Davidson has a “Buy” rating and a $219.00 price target on the stock. The consensus estimate for Alamo Group’s current full-year earnings is $10.23 per share.

Several other analysts have also recently issued reports on the company. Robert W. Baird upped their target price on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Alamo Group Stock Up 5.4 %

Shares of NYSE:ALG opened at $196.89 on Thursday. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $177.57 and a two-hundred day moving average of $181.60. The stock has a market cap of $2.37 billion, a P/E ratio of 19.83 and a beta of 1.08. Alamo Group has a 52-week low of $163.74 and a 52-week high of $231.40.

Hedge Funds Weigh In On Alamo Group

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. JNBA Financial Advisors acquired a new position in Alamo Group during the 3rd quarter worth about $37,000. First Horizon Advisors Inc. lifted its stake in Alamo Group by 174.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 159 shares in the last quarter. Quarry LP acquired a new position in Alamo Group during the 2nd quarter worth about $48,000. Finally, Bessemer Group Inc. lifted its stake in Alamo Group by 1,885.7% during the 1st quarter. Bessemer Group Inc. now owns 278 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 264 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Transactions at Alamo Group

In other news, EVP Richard Hodges Raborn sold 300 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the transaction, the executive vice president now directly owns 11,061 shares in the company, valued at approximately $2,005,138.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Edward Rizzuti sold 322 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $178.29, for a total transaction of $57,409.38. Following the completion of the transaction, the executive vice president now directly owns 7,765 shares in the company, valued at approximately $1,384,421.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Hodges Raborn sold 300 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s dividend payout ratio is presently 10.47%.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.