Alamo Group (NYSE:ALG) Hits New 1-Year High - What's Next?

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Robert W. Baird lowered shares of Alamo Group from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. DA Davidson dropped their price target on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Industrial Alliance Securities set a $217.00 price target on shares of Alamo Group in a research report on Monday, March 3rd. Finally, Baird R W lowered shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th.

Alamo Group Stock Up 0.2%

The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The firm's 50-day moving average is $184.75 and its 200 day moving average is $185.72. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 21.44 and a beta of 1.07.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data 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. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The company had revenue of $390.95 million during the quarter, compared to the consensus estimate of $391.08 million. Sell-side analysts anticipate that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 annualized dividend and a yield of 0.56%. Alamo Group's dividend payout ratio is currently 12.50%.

Insiders Place Their Bets

In other Alamo Group news, CEO Jeffery Allen Leonard sold 3,500 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total transaction of $705,320.00. Following the completion of the sale, the chief executive officer now directly owns 40,913 shares in the company, valued at $8,244,787.76. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Hodges Raborn sold 500 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total transaction of $100,920.00. Following the completion of the transaction, the executive vice president now owns 12,948 shares of the company's stock, valued at $2,613,424.32. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of 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. Charles Schwab Investment Management Inc. boosted its stake in shares of Alamo Group by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company's stock valued at $26,222,000 after purchasing an additional 6,666 shares during the period. Intech Investment Management LLC boosted its stake in shares of Alamo Group by 63.9% in the fourth quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company's stock valued at $819,000 after purchasing an additional 1,718 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Alamo Group by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 56,936 shares of the industrial products company's stock valued at $10,585,000 after purchasing an additional 2,200 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Alamo Group by 54.6% in the fourth quarter. American Century Companies Inc. now owns 13,918 shares of the industrial products company's stock valued at $2,587,000 after purchasing an additional 4,918 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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.