Alamo Group (ALG) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alamo Group in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALG shares.
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4 Wall Street research analysts have issued 1 year target prices for Alamo Group's stock. Their ALG share price forecasts range from $195.00 to $212.00. On average, they predict the company's stock price to reach $204.50 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for ALG or view top-rated stocks among Wall Street analysts.

Alamo Group's stock was trading at $141.60 at the beginning of the year. Since then, ALG shares have increased by 25.6% and is now trading at $177.81.
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Alamo Group saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 83,700 shares, an increase of 20.4% from the August 31st total of 69,500 shares. Based on an average daily trading volume, of 39,900 shares, the short-interest ratio is currently 2.1 days. Approximately 0.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ALG earnings forecast.

Alamo Group Inc. (NYSE:ALG) released its quarterly earnings results on Wednesday, August, 2nd. The industrial products company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by $0.09. The industrial products company had revenue of $440.69 million for the quarter, compared to analyst estimates of $455 million. Alamo Group had a net margin of 7.76% and a trailing twelve-month return on equity of 15.54%.

Alamo Group announced a quarterly dividend on Monday, July 3rd. Shareholders of record on Tuesday, July 18th will be given a dividend of $0.22 per share on Tuesday, August 1st. This represents a $0.88 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, July 17th.
Read our dividend analysis for ALG.

ETFs with the largest weight of Alamo Group (NYSE:ALG) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV), Invesco S&P SmallCap Industrials ETF (PSCI), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco DWA SmallCap Momentum ETF (DWAS) and First Trust Indxx Global Agriculture ETF (FTAG).SPDR S&P 600 Small Cap ETF (SLY).

Alamo Group (NYSE:ALG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 0.51%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALG will have a dividend payout ratio of 7.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALG.

4 employees have rated Alamo Group Chief Executive Officer Ron Robinson on Glassdoor.com. Ron Robinson has an approval rating of 49% among the company's employees. This puts Ron Robinson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alamo Group investors own include Pfizer (PFE), General Motors (GM), AT&T (T), Eastman Chemical (EMN), Altria Group (MO), Advance Auto Parts (AAP), AbbVie (ABBV), Abbott Laboratories (ABT), Dominion Energy (D) and Deere & Company (DE).

Alamo Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALG."

Alamo Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.06%), Victory Capital Management Inc. (3.31%), State Street Corp (3.00%), Westwood Holdings Group Inc. (2.77%), Allspring Global Investments Holdings LLC (2.18%) and Vaughan Nelson Investment Management L.P. (2.06%). Insiders that own company stock include Christy Dipietro, Dan Edward Malone, Edward Rizzuti, Janet S Pollock, Jeffery Allen Leonard, Richard Hodges Raborn, Richard J Wehrle, Robert P Bauer, Ronald A Robinson and Ronald A Robinson.
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Shares of ALG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALG stock can currently be purchased for approximately $177.81.

Alamo Group (NYSE:ALG) has a market capitalization of $2.14 billion and generates $1.51 billion in revenue each year. The industrial products company earns $101.93 million in net income (profit) each year or $10.42 on an earnings per share basis.

The company employs 4,200 workers across the globe.

Alamo Group's mailing address is 1627 EAST WALNUT, SEGUIN TX, 78155. The official website for the company is www.alamo-group.com. The industrial products company can be reached via phone at (830) 379-1480 or via fax at 830-372-9683.