Alamo Group's (ALG) Neutral Rating Reiterated at DA Davidson

Alamo Group (NYSE:ALG - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at DA Davidson in a research report issued on Tuesday, MarketBeat reports. They presently have a $225.00 price target on the industrial products company's stock. DA Davidson's price target suggests a potential upside of 4.14% from the stock's previous close.

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

Alamo Group Trading Up 0.0%

NYSE:ALG traded up $0.02 on Tuesday, reaching $216.06. The stock had a trading volume of 26,651 shares, compared to its average volume of 101,939. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 22.44 and a beta of 1.08. Alamo Group has a 12-month low of $157.07 and a 12-month high of $230.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.30 and a quick ratio of 2.62. The firm's fifty day moving average is $211.84 and its two-hundred day moving average is $190.54.

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 for the quarter, topping the consensus estimate of $2.33 by $0.32. The business had revenue of $390.95 million for the quarter, compared to analyst estimates of $391.08 million. Alamo Group had a net margin of 7.25% and a return on equity of 11.56%. Equities analysts expect that Alamo Group will post 9.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Alamo Group news, EVP Richard Hodges Raborn sold 500 shares of Alamo Group stock in a transaction on 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 transaction, the executive vice president owned 12,948 shares of the company's stock, valued at $2,613,424.32. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffery Allen Leonard sold 3,500 shares of Alamo Group stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total transaction of $705,320.00. Following the completion of the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alamo Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Ninepoint Partners LP bought a new stake in shares of Alamo Group during the first quarter valued at about $40,988,000. Bank of America Corp DE raised its stake in shares of Alamo Group by 826.1% during the fourth quarter. Bank of America Corp DE now owns 130,494 shares of the industrial products company's stock valued at $24,260,000 after purchasing an additional 116,404 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Alamo Group during the fourth quarter valued at about $16,971,000. Ameriprise Financial Inc. raised its stake in shares of Alamo Group by 338.4% during the fourth quarter. Ameriprise Financial Inc. now owns 115,856 shares of the industrial products company's stock valued at $21,539,000 after purchasing an additional 89,430 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Alamo Group during the second quarter valued at about $19,117,000. 92.36% of the stock is currently owned by institutional investors.

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.