DA Davidson Estimates Alamo Group's Q1 Earnings (NYSE:ALG)

Alamo Group Inc. (NYSE:ALG - Free Report) - DA Davidson decreased their Q1 2025 earnings per share estimates for Alamo Group in a report released on Tuesday, April 22nd. DA Davidson analyst M. Shlisky now forecasts that the industrial products company will post earnings of $2.33 per share for the quarter, down from their prior forecast of $2.70. DA Davidson currently has a "Buy" rating and a $195.00 target price on the stock. The consensus estimate for Alamo Group's current full-year earnings is $9.53 per share.

ALG has been the topic of several other research reports. StockNews.com lowered Alamo Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Robert W. Baird downgraded shares of Alamo Group from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a research report on Monday, March 3rd. Finally, Baird R W downgraded shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th.

Alamo Group Price Performance

Shares of ALG stock traded up $0.50 during mid-day trading on Thursday, reaching $169.17. The company's stock had a trading volume of 30,699 shares, compared to its average volume of 92,567. 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's 50-day moving average is $177.32 and its two-hundred day moving average is $183.45. Alamo Group has a 1-year low of $157.07 and a 1-year high of $205.62. The company has a market cap of $2.05 billion, a P/E ratio of 17.03 and a beta of 1.00.

Alamo Group (NYSE:ALG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The company had revenue of $385.32 million for the quarter, compared to the consensus estimate of $396.85 million.

Institutional Trading of Alamo Group

Several hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings 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 worth $38,000 after acquiring an additional 168 shares in the last quarter. Barclays PLC increased its stake in Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock worth $4,039,000 after purchasing an additional 15,061 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Alamo Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company's stock worth $26,222,000 after buying an additional 6,666 shares during the period. JPMorgan Chase & Co. lifted its stake in Alamo Group by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company's stock valued at $13,790,000 after buying an additional 9,710 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings 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 buying an additional 1,718 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is 12.46%.

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.