Alamo Group, Inc. (NYSE:ALG) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Moderate Buy consensus from six analysts with a mixed breakdown (1 sell, 2 holds, 2 buys, 1 strong buy) and an average 12‑month target price of $225.
• Alamo missed its most recent quarter—EPS $1.70 vs. $2.06 estimate and revenue $373.65M vs. $405.18M—while the shares trade around $176.52, with a market cap of $2.14B and a PE of 20.55; analysts project about 9.53 EPS for the year.
• The company declared a quarterly dividend of $0.34 (annualized $1.36, yield ~0.8%, DPR 15.8%), and insiders trimmed positions (insiders own 1.06%) while institutional investors hold roughly 92.36% of the stock.

Alamo Group, Inc. (NYSE:ALG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $225.00.

ALG has been the subject of a number of analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Alamo Group in a research note on Friday, March 27th. Zacks Research lowered Alamo Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. DA Davidson reissued a "neutral" rating and issued a $190.00 target price on shares of Alamo Group in a report on Monday, March 9th. Finally, William Blair assumed coverage on Alamo Group in a research report on Monday, March 16th. They set an "outperform" rating for the company.

Alamo Group Trading Down 0.2%

Shares of Alamo Group stock opened at $176.52 on Tuesday. Alamo Group has a 52-week low of $156.29 and a 52-week high of $233.29. The firm has a market capitalization of $2.14 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.57 and a quick ratio of 2.82. The company's fifty day moving average price is $186.06 and its two-hundred day moving average price is $180.88.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The industrial products company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.36). The business had revenue of $373.65 million for the quarter, compared to the consensus estimate of $405.18 million. Alamo Group had a return on equity of 10.04% and a net margin of 6.47%. On average, analysts expect that Alamo Group will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Alamo Group's dividend payout ratio (DPR) is presently 15.83%.

Insider Activity

In other news, EVP Edward Rizzuti sold 600 shares of the business's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $170.93, for a total value of $102,558.00. Following the sale, the executive vice president owned 10,857 shares in the company, valued at approximately $1,855,787.01. The trade was a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nina C. Grooms sold 499 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $175.19, for a total transaction of $87,419.81. Following the completion of the sale, the director directly owned 2,844 shares in the company, valued at approximately $498,240.36. The trade was a 14.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.06% of the stock is owned by corporate insiders.

Institutional Trading of Alamo Group

Several hedge funds have recently modified their holdings of ALG. Global Retirement Partners LLC boosted its holdings in shares of Alamo Group by 136.2% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company's stock worth $52,000 after acquiring an additional 177 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in 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 purchasing an additional 314 shares in the last quarter. MAI Capital Management bought a new position in Alamo Group in the 3rd quarter valued at $73,000. Kestra Advisory Services LLC bought a new position in Alamo Group in the 4th quarter valued at $76,000. Finally, State of Wyoming boosted its stake in 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 purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.