Alamo Group, Inc. (NYSE:ALG) Stock Has Average Price Target of $188.00

Key Points

• Analyst sentiment is moderately positive: Alamo Group has a consensus “Moderate Buy” rating from five analysts, with an average 12-month price target of $188 versus the reported share price of $147.88.
• Recent financial results exceeded expectations: The company reported quarterly EPS of $2.82, ahead of the $2.74 consensus estimate, and revenue of $450.73 million versus expectations of $437.48 million.
• Institutional ownership remains high: Institutional investors and hedge funds own 92.36% of the stock, while the company recently declared a $0.34 quarterly dividend, equivalent to a 0.9% annualized yield.

Alamo Group, Inc. (NYSE:ALG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $188.00.

Separately, Weiss Ratings cut Alamo Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 2nd.

Insider Buying and Selling

In other Alamo Group news, EVP Edward Rizzuti sold 2,537 shares of Alamo Group stock in a transaction on Friday, September 4th. The stock was sold at an average price of $174.68, for a total transaction of $443,163.16. Following the sale, the executive vice president owned 5,605 shares of the company's stock, valued at $979,081.40. The trade was a 31.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. ProShare Advisors LLC boosted its position in shares of Alamo Group by 37.7% in the 3rd quarter. ProShare Advisors LLC now owns 61,541 shares of the industrial products company's stock valued at $9,525,000 after purchasing an additional 16,857 shares during the period. Vise Technologies Inc. acquired a new stake in Alamo Group during the 3rd quarter worth about $296,000. Investment Partners LTD. acquired a new stake in Alamo Group during the 3rd quarter worth about $1,154,000. Pullen Investment Management LLC raised its holdings in Alamo Group by 0.7% during the 3rd quarter. Pullen Investment Management LLC now owns 15,188 shares of the industrial products company's stock worth $2,351,000 after buying an additional 100 shares during the period. Finally, Signaturefd LLC lifted its stake in Alamo Group by 181.8% during the third quarter. Signaturefd LLC now owns 341 shares of the industrial products company's stock valued at $53,000 after buying an additional 220 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Stock Up 0.8%

ALG stock opened at $147.88 on Friday. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22. Alamo Group has a fifty-two week low of $142.84 and a fifty-two week high of $219.88. The firm's 50-day simple moving average is $159.56 and its 200 day simple moving average is $169.04. The stock has a market cap of $1.80 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.87 and a beta of 1.08.

Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.74 by $0.08. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. The firm had revenue of $450.73 million during the quarter, compared to analyst estimates of $437.48 million. As a group, sell-side analysts predict that Alamo Group will post 10.52 EPS for the current year.

Alamo Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Thursday, October 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 15th. Alamo Group's dividend payout ratio is 16.31%.

Alamo Group Company Profile

Alamo Group Inc NYSE: ALG manufactures equipment used in the maintenance of infrastructure, vegetation, and agricultural land. Its products are primarily sold to municipalities, government agencies, contractors, utility companies, transportation departments, and agricultural customers.

The company's product portfolio includes mowing and vegetation-management equipment, street sweepers, snow-removal equipment, vacuum trucks, excavators, agricultural implements, and other specialized machinery.

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