Alamo Group, Inc. (NYSE:ALG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Alamo Group, Inc. (NYSE:ALG) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $224.00.

Several analysts recently weighed in on the company. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. DA Davidson reaffirmed a “neutral” rating and set a $188.00 target price on shares of Alamo Group in a report on Wednesday, July 1st. Finally, Weiss Ratings lowered Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th.

Alamo Group Price Performance

Shares of ALG stock opened at $163.72 on Thursday. The firm has a fifty day moving average of $157.98 and a two-hundred day moving average of $174.07. The firm has a market cap of $1.99 billion, a P/E ratio of 19.58, a P/E/G ratio of 0.95 and a beta of 1.09. Alamo Group has a 1-year low of $145.76 and a 1-year high of $233.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.32 and a quick ratio of 2.45.

Alamo Group (NYSE:ALG) last issued its earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.36. Alamo Group had a net margin of 6.21% and a return on equity of 9.71%. The business had revenue of $417.15 million for the quarter, compared to analyst estimates of $398.02 million. As a group, research analysts anticipate that Alamo Group will post 10.65 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Thursday, July 16th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 0.8%. Alamo Group’s dividend payout ratio (DPR) is 16.27%.

Institutional Investors Weigh In On Alamo Group

A number of institutional investors have recently modified their holdings of ALG. Argent Capital Management LLC grew its holdings in shares of Alamo Group by 55.7% during the first quarter. Argent Capital Management LLC now owns 6,275 shares of the industrial products company’s stock valued at $1,035,000 after purchasing an additional 2,244 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Alamo Group by 0.3% during the first quarter. Bank of America Corp DE now owns 110,270 shares of the industrial products company’s stock valued at $18,191,000 after purchasing an additional 349 shares during the period. Edgestream Partners L.P. acquired a new position in Alamo Group during the 1st quarter valued at about $840,000. Janus Henderson Group PLC raised its holdings in Alamo Group by 13.8% during the first quarter. Janus Henderson Group PLC now owns 167,983 shares of the industrial products company’s stock worth $27,713,000 after purchasing an additional 20,410 shares in the last quarter. Finally, Amundi raised its stake in shares of Alamo Group by 78.6% in the 1st quarter. Amundi now owns 3,338 shares of the industrial products company’s stock worth $551,000 after buying an additional 1,469 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

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.