DA Davidson Reiterates "Neutral" Rating for Alamo Group (NYSE:ALG)

Alamo Group (NYSE:ALG - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at DA Davidson in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $225.00 target price on the industrial products company's stock. DA Davidson's price objective indicates a potential upside of 3.24% from the company's previous close.

Separately, Wall Street Zen raised Alamo Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.

Alamo Group Stock Performance

NYSE:ALG traded up $0.67 during trading on Tuesday, reaching $217.95. The company's stock had a trading volume of 10,315 shares, compared to its average volume of 114,539. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 22.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.62 and a current ratio of 4.30. The firm has a 50 day moving average of $213.11 and a 200-day moving average of $191.42. Alamo Group has a 12 month low of $157.07 and a 12 month high of $230.15.

Alamo Group (NYSE:ALG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.33 by $0.32. The firm had revenue of $390.95 million during the quarter, compared to the consensus estimate of $391.08 million. Alamo Group had a return on equity of 11.56% and a net margin of 7.25%. Research analysts expect that Alamo Group will post 9.53 EPS for the current fiscal year.

Insider Transactions at Alamo Group

In related news, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total transaction of $705,320.00. Following the sale, the chief executive officer owned 40,913 shares of the company's stock, valued at approximately $8,244,787.76. This represents a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Richard Hodges Raborn sold 500 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total value of $100,920.00. Following the completion of the sale, the executive vice president directly owned 12,948 shares in the company, valued at approximately $2,613,424.32. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

Institutional Trading of Alamo Group

Several institutional investors and hedge funds have recently modified their holdings of ALG. Parallel Advisors LLC raised its holdings in shares of Alamo Group by 80.0% in the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Alamo Group by 110.6% in the 1st quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 125 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Alamo Group by 30.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Alamo Group by 31.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 65 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Alamo Group by 3,140.0% in 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 in 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.