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

Alamo Group Inc. (NYSE:ALG - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $209.05 and last traded at $209.52, with a volume of 9217 shares changing hands. The stock had previously closed at $207.16.

Analyst Ratings Changes

ALG has been the topic of a number of research reports. Robert W. Baird lowered Alamo Group from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $224.00 to $177.00 in a report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a report on Monday, March 3rd. DA Davidson decreased their price objective on Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Wall Street Zen lowered Alamo Group from a "buy" rating to a "hold" rating in a report on Friday. Finally, Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th.

Alamo Group Trading Up 1.1%

The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 21.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The firm has a fifty day moving average price of $182.41 and a 200-day moving average price of $185.26.

Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.32. The company had revenue of $390.95 million for the quarter, compared to analyst estimates of $391.08 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. As a group, equities analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.57%. The ex-dividend date was Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is presently 12.50%.

Insider Activity at Alamo Group

In other Alamo Group news, EVP Richard Hodges Raborn sold 500 shares of the stock in a transaction dated Wednesday, May 14th. The stock was 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 now directly owns 12,948 shares in the company, valued at approximately $2,613,424.32. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction dated Wednesday, May 14th. The shares were 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 now owns 40,913 shares of the company's stock, valued at $8,244,787.76. This represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alamo Group

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in Alamo Group by 80.0% in the first quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Smartleaf Asset Management LLC raised its position 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 last quarter. GAMMA Investing LLC raised its position in Alamo Group by 110.6% in the first quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 125 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Alamo Group by 30.0% in the first quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 61 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Alamo Group by 3,140.0% in the first 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 during the last quarter. 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.