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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NYSE:ALG

Alamo Group (ALG) Stock Price, News & Analysis

$205.02
-1.59 (-0.77%)
(As of 04/18/2024 ET)
Today's Range
$204.22
$208.04
50-Day Range
$199.35
$228.51
52-Week Range
$157.74
$231.40
Volume
58,430 shs
Average Volume
69,968 shs
Market Capitalization
$2.47 billion
P/E Ratio
18.05
Dividend Yield
0.51%
Price Target
$215.33

Alamo Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.0% Upside
$215.33 Price Target
Short Interest
Healthy
1.87% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of Alamo Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$93,578 Sold Last Quarter
Proj. Earnings Growth
4.48%
From $13.17 to $13.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.29 out of 5 stars

Industrial Products Sector

118th out of 163 stocks

Farm Machinery & Equipment Industry

4th out of 4 stocks

ALG stock logo

About Alamo Group Stock (NYSE:ALG)

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. This segment also provides rotary and finishing mowers, flail and disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts, zero turn radius mowers, cutting parts, plain and hard-faced replacement tillage tools, disc blades, and fertilizer application components; aftermarket agricultural parts, heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment, tractor attachments, agricultural implements, hydraulic and boom-mounted hedge and grass cutters, hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators, self-propelled sprayers and multi-drive load-carrying vehicles, and cutting blades. The company's Industrial Equipment Division segment offers truck-mounted air vacuum, mechanical broom, and regenerative air sweepers, pothole patchers, leaf collection equipment and replacement brooms, parking lot and street sweepers, excavators, catch basin cleaners, and roadway debris vacuum systems, as well as truck-mounted vacuum machines, combination sewer cleaners, and hydro excavators. This segment also offers ice control products, snowplows and heavy duty snow removal equipment, hitches, attachments, and graders; and public works and runway maintenance products, parts, and services, and high pressure cleaning systems and trenchers. The company was founded in 1955 and is headquartered in Seguin, Texas.

ALG Stock Price History

ALG Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Alamo Group (NYSE:ALG) Lowered to "Hold" at StockNews.com
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Alamo Group Reaches Analyst Target Price
ALG Apr 2024 210.000 call
ALAMO GROUP INC. ANNOUNCES RICHARD J.
Alamo Group price target raised by $5 at Baird, here's why
Preview: Alamo Group's Earnings
Alamo Group Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 1/29 Dividend
1/12/2024
Dividend Payable
1/29/2024
Last Earnings
2/22/2024
Ex-Dividend for 4/29 Dividend
4/15/2024
Today
4/18/2024
Dividend Payable
4/29/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
01131110
Employees
4,350
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$215.33
High Stock Price Target
$235.00
Low Stock Price Target
$201.00
Potential Upside/Downside
+4.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$136.16 million
Pretax Margin
10.36%

Debt

Sales & Book Value

Annual Sales
$1.69 billion
Cash Flow
$14.85 per share
Book Value
$77.65 per share

Miscellaneous

Free Float
11,876,000
Market Cap
$2.47 billion
Optionable
Optionable
Beta
1.04
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ALG Stock Analysis - Frequently Asked Questions

Should I buy or sell Alamo Group stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alamo Group in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALG shares.
View ALG analyst ratings
or view top-rated stocks.

What is Alamo Group's stock price target for 2024?

3 brokerages have issued 1 year target prices for Alamo Group's shares. Their ALG share price targets range from $201.00 to $235.00. On average, they anticipate the company's stock price to reach $215.33 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for ALG
or view top-rated stocks among Wall Street analysts.

How have ALG shares performed in 2024?

Alamo Group's stock was trading at $210.19 at the beginning of the year. Since then, ALG shares have decreased by 2.5% and is now trading at $205.02.
View the best growth stocks for 2024 here
.

Are investors shorting Alamo Group?

Alamo Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 212,900 shares, an increase of 9.9% from the March 15th total of 193,800 shares. Based on an average daily trading volume, of 70,800 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.9% of the shares of the company are short sold.
View Alamo Group's Short Interest
.

When is Alamo Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ALG earnings forecast
.

How were Alamo Group's earnings last quarter?

Alamo Group Inc. (NYSE:ALG) announced its earnings results on Thursday, February, 22nd. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by $0.22. The industrial products company earned $417.54 million during the quarter. Alamo Group had a net margin of 8.06% and a trailing twelve-month return on equity of 15.52%.

How often does Alamo Group pay dividends? What is the dividend yield for Alamo Group?

Alamo Group declared a quarterly dividend on Monday, April 1st. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.26 per share on Monday, April 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, April 15th.
Read our dividend analysis for ALG
.

Is Alamo Group a good dividend stock?

Alamo Group (NYSE:ALG) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.49%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 9.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALG will have a dividend payout ratio of 7.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALG.

What is Ron Robinson's approval rating as Alamo Group's CEO?

4 employees have rated Alamo Group Chief Executive Officer Ron Robinson on Glassdoor.com. Ron Robinson has an approval rating of 49% among the company's employees. This puts Ron Robinson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Alamo Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Alamo Group investors own include Pfizer (PFE), General Motors (GM), AT&T (T), Eastman Chemical (EMN), Altria Group (MO), Advance Auto Parts (AAP), AbbVie (ABBV), Abbott Laboratories (ABT), Dominion Energy (D) and Deere & Company (DE).

Who are Alamo Group's major shareholders?

Alamo Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (3.34%), Vaughan Nelson Investment Management L.P. (2.66%), Tributary Capital Management LLC (0.47%), Hodges Capital Management Inc. (0.27%), Guidance Capital Inc. (0.02%) and Diversified Trust Co (0.01%). Insiders that own company stock include Christy Dipietro, Dan Edward Malone, Edward Rizzuti, Janet S Pollock, Jeffery Allen Leonard, Michael A Haberman, Richard Hodges Raborn, Richard J Wehrle, Robert P Bauer, Ronald A Robinson and Ronald A Robinson.
View institutional ownership trends
.

How do I buy shares of Alamo Group?

Shares of ALG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ALG) was last updated on 4/18/2024 by MarketBeat.com Staff

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