Alamo Group (NYSE:ALG) Hits New 12-Month High - Should You Buy?

Alamo Group, Inc. (NYSE:ALG - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $227.30 and last traded at $226.64, with a volume of 14224 shares traded. The stock had previously closed at $225.19.

Analyst Upgrades and Downgrades

ALG has been the topic of several recent analyst reports. Wall Street Zen raised Alamo Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. DA Davidson decreased their price target on Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research note on Monday, April 21st.

Alamo Group Trading Down 0.4%

The company has a 50 day moving average of $204.31 and a 200 day moving average of $188.52. The company has a current ratio of 4.30, a quick ratio of 2.62 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 23.37 and a beta of 1.08.

Alamo Group (NYSE:ALG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.33 by $0.32. Alamo Group had a return on equity of 11.56% and a net margin of 7.25%. The business had revenue of $390.95 million for the quarter, compared to analyst estimates of $391.08 million. As a group, research analysts anticipate that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.20 annualized dividend and a yield of 0.53%. Alamo Group's payout ratio is 12.50%.

Insider Buying and Selling at Alamo Group

In other Alamo Group news, 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 value of $705,320.00. Following the completion of the transaction, the chief executive officer owned 40,913 shares in the company, valued at approximately $8,244,787.76. The trade was a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 approximately $2,613,424.32. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

Hedge Funds Weigh In On Alamo Group

Several institutional investors have recently bought and sold shares of ALG. Parallel Advisors LLC raised its position in shares of Alamo Group by 80.0% during the first quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock worth $38,000 after acquiring an additional 168 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 125 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Alamo Group by 30.0% during the first quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company's stock worth $47,000 after acquiring an additional 61 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Alamo Group by 3,140.0% during the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company's stock worth $58,000 after acquiring an additional 314 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

About Alamo Group

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.