Alliance Laundry Holdings Inc. (NYSE:ALH) Stock Has Average Price Target of $31.20

Key Points

• Analysts have a “Moderate Buy” consensus on Alliance Laundry, with four buy ratings and three holds. The average 12-month price target is $31.20, implying upside from the stock’s $21.34 opening price.
• Alliance Laundry exceeded quarterly earnings expectations, reporting $0.41 EPS versus the $0.35 consensus on $476.75 million in revenue. Analysts expect full-year EPS of approximately $1.34.
• The stock has declined 1.8% and trades below its 50- and 200-day moving averages, while insiders have sold 169,472 shares worth nearly $4 million over the past 90 days.

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $31.20.

Several equities analysts have recently issued reports on ALH shares. Robert W. Baird upped their target price on Alliance Laundry from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Friday, August 14th. BMO Capital Markets boosted their price objective on Alliance Laundry from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Monday, August 17th. JPMorgan Chase & Co. upped their price objective on Alliance Laundry from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Citigroup raised their target price on Alliance Laundry from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Alliance Laundry in a research note on Friday, August 7th.

Alliance Laundry Stock Down 1.8%

ALH opened at $21.34 on Thursday. Alliance Laundry has a fifty-two week low of $18.64 and a fifty-two week high of $28.23. The firm has a market capitalization of $4.24 billion and a P/E ratio of 23.45. The company's 50-day moving average is $23.79 and its 200 day moving average is $24.14. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14.

Alliance Laundry (NYSE:ALH - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. The business had revenue of $476.75 million during the quarter. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. Research analysts expect that Alliance Laundry will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Amanda Kopetsky sold 13,472 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $27.00, for a total transaction of $363,744.00. Following the completion of the transaction, the insider directly owned 7,331 shares of the company's stock, valued at $197,937. This represents a 64.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jan Gommaar M. Vleugels sold 75,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $21.05, for a total transaction of $1,578,750.00. Following the sale, the chief operating officer owned 374,563 shares of the company's stock, valued at approximately $7,884,551.15. The trade was a 16.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 169,472 shares of company stock worth $3,959,544. Insiders own 7.60% of the company's stock.

Hedge Funds Weigh In On Alliance Laundry

Institutional investors and hedge funds have recently bought and sold shares of the company. BDT Capital Partners LLC bought a new stake in shares of Alliance Laundry in the second quarter valued at $3,732,734,978. Capital International Investors purchased a new stake in Alliance Laundry in the 4th quarter worth about $101,498,000. BlackRock Inc. purchased a new stake in Alliance Laundry in the 2nd quarter worth about $85,422,000. Norges Bank bought a new stake in Alliance Laundry in the 4th quarter valued at about $55,962,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Alliance Laundry in the 4th quarter valued at about $41,620,000.

About Alliance Laundry

Alliance Laundry is a commercial and residential laundry equipment company headquartered in Ripon, Wisconsin. The company designs, manufactures and markets washing machines, dryers and related laundry systems for consumers, laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial customers.

Its portfolio includes equipment and laundry solutions sold under brands such as Speed Queen, UniMac, Huebsch, IPSO and Primus.

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