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

Alamo Group, Inc. (NYSE:ALG) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $188.00.

Several equities research analysts recently weighed in on ALG shares. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. DA Davidson reissued a “neutral” rating and set a $188.00 price objective on shares of Alamo Group in a research 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.

Insider Transactions at Alamo Group

In related news, EVP Edward Rizzuti sold 2,715 shares of Alamo Group stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total transaction of $446,373.15. Following the completion of the transaction, the executive vice president directly owned 8,142 shares of the company’s stock, valued at $1,338,626.22. This trade represents a 25.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alamo Group

Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in Alamo Group during the 2nd quarter valued at about $35,000. Jones Financial Companies Lllp boosted its holdings in shares of Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 314 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Alamo Group during the 4th quarter valued at about $76,000. State of Wyoming grew its stake in shares of Alamo Group by 76.5% in the fourth quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 205 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Alamo Group by 861.5% in the fourth quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 448 shares during the period. 92.36% of the stock is owned by institutional investors.

Alamo Group Price Performance

ALG stock opened at $165.10 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.39 and a quick ratio of 2.48. Alamo Group has a 1 year low of $145.76 and a 1 year high of $227.07. The firm has a 50-day moving average of $162.68 and a 200 day moving average of $171.30. The company has a market cap of $2.01 billion, a P/E ratio of 19.80, a PEG ratio of 0.98 and a beta of 1.10.

Alamo Group (NYSE:ALG) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%.The firm had revenue of $450.73 million for the quarter, compared to the consensus estimate of $437.48 million. On average, sell-side analysts forecast that Alamo Group will post 10.56 EPS for the current year.

Alamo Group Announces Dividend

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

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.