DA Davidson Lowers Alamo Group (NYSE:ALG) Price Target to $195.00

Alamo Group (NYSE:ALG - Free Report) had its target price lowered by DA Davidson from $217.00 to $195.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the industrial products company's stock. DA Davidson also issued estimates for Alamo Group's Q1 2025 earnings at $2.33 EPS, FY2025 earnings at $10.42 EPS and FY2026 earnings at $11.88 EPS.

A number of other analysts also recently commented on ALG. StockNews.com downgraded Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Robert W. Baird lowered shares of Alamo Group from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. Industrial Alliance Securities set a $217.00 target price on shares of Alamo Group in a report on Monday, March 3rd. Finally, Baird R W downgraded shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th.

Alamo Group Price Performance

Shares of NYSE:ALG traded down $2.41 on Monday, reaching $168.15. 51,109 shares of the company were exchanged, compared to its average volume of 92,781. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. Alamo Group has a 1-year low of $157.07 and a 1-year high of $205.62. The company has a 50-day moving average of $177.73 and a 200-day moving average of $183.35. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 16.93 and a beta of 1.00.

Alamo Group (NYSE:ALG - Get Free Report) last issued its earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The company had revenue of $385.32 million for the quarter, compared to analyst estimates of $396.85 million. Equities analysts forecast that Alamo Group will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.20 annualized dividend and a yield of 0.71%. Alamo Group's dividend payout ratio (DPR) is presently 12.46%.

Institutional Investors Weigh In On Alamo Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its stake in Alamo Group by 80.0% in the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock worth $29,000 after buying an additional 72 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 168 shares during the period. GAMMA Investing LLC increased its position in Alamo Group by 110.6% during the first quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock worth $42,000 after purchasing an additional 125 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Alamo Group during the fourth quarter worth approximately $79,000. Finally, KBC Group NV boosted its holdings in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

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.