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NYSE:ALG

Alamo Group (ALG) Stock Forecast, Price & News

$180.02
+3.50 (+1.98%)
(As of 05:06 PM ET)
Compare
Today's Range
$175.68
$180.50
50-Day Range
$167.66
$198.21
52-Week Range
$121.89
$200.81
Volume
81,897 shs
Average Volume
54,149 shs
Market Capitalization
$2.16 billion
P/E Ratio
17.28
Dividend Yield
0.49%
Price Target
$204.50

Alamo Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.6% Upside
$204.50 Price Target
Short Interest
Healthy
0.74% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.22mentions of Alamo Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$314,791 Sold Last Quarter
Proj. Earnings Growth
5.43%
From $11.04 to $11.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Industrial Products Sector

91st out of 182 stocks

Farm Machinery & Equipment Industry

4th out of 4 stocks


ALG stock logo

About Alamo Group (NYSE:ALG) Stock

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. This segment also provides rotary and finishing mowers, flail and disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts, zero turn radius mowers, cutting parts, plain and hard-faced replacement tillage tools, disc blades, and fertilizer application components; aftermarket agricultural parts, heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment, tractor attachments, agricultural implements, hydraulic and boom-mounted hedge and grass cutters, hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators, self-propelled sprayers and multi-drive load-carrying vehicles, and cutting blades. The company's Industrial Equipment Division segment offers truck-mounted air vacuum, mechanical broom, and regenerative air sweepers, pothole patchers, leaf collection equipment and replacement brooms, parking lot and street sweepers, excavators, catch basin cleaners, and roadway debris vacuum systems, as well as truck-mounted vacuum machines, combination sewer cleaners, and hydro excavators. This segment also offers ice control products, snowplows and heavy duty snow removal equipment, hitches, attachments, and graders; and public works and runway maintenance products, parts, and services, and high pressure cleaning systems and trenchers. The company was founded in 1955 and is headquartered in Seguin, Texas.

ALG Price History

ALG Stock News Headlines

3 Reasons Oshkosh Stock is Headed to New Heights (ALG)
Shares of industrial company Oshkosh Corporation have been climbing to new heights and are up nearly 40% since June 1st — and may not be done yet.
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Alamo City Ticker: Alamo Beer, VIVA Beer announce merger
Alamo City Ticker: Spurs team with UT Health San Antonio
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Alamo Group (ALG) Gets a Buy from Robert W. Baird
See More Headlines
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ALG Company Calendar

Ex-Dividend for 8/1 Dividend
7/17/2023
Dividend Payable
8/01/2023
Last Earnings
8/02/2023
Today
9/28/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
01131110
Employees
4,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$204.50
High Stock Price Forecast
$212.00
Low Stock Price Forecast
$195.00
Forecasted Upside/Downside
+15.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$101.93 million
Pretax Margin
10.15%

Debt

Sales & Book Value

Annual Sales
$1.51 billion
Cash Flow
$12.85 per share
Book Value
$65.63 per share

Miscellaneous

Free Float
11,735,000
Market Cap
$2.14 billion
Optionable
Optionable
Beta
1.02
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Key Executives

  • Mr. Jeffery A. Leonard (Age 63)
    Pres, CEO & Director
    Comp: $1.61M
  • Mr. Richard J. Wehrle (Age 66)
    Exec. VP & CFO
    Comp: $621.39k
  • Mr. Edward T. RizzutiMr. Edward T. Rizzuti (Age 53)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $632.54k
  • Mr. Richard Hodges Raborn (Age 57)
    Exec. VP of Vegetation Management
    Comp: $867.9k
  • Mr. Michael A. Haberman (Age 64)
    Exec. Vice-Pres of Industrial Equipment
    Comp: $549.2k
  • Ms. Janet S. PollockMs. Janet S. Pollock (Age 64)
    VP of HR
  • Mr. Dan E. Malone (Age 63)
    Exec. VP & Chief Sustainability Officer













ALG Stock - Frequently Asked Questions

Should I buy or sell Alamo Group stock right now?

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.
View ALG analyst ratings
or view top-rated stocks.

What is Alamo Group's stock price forecast for 2023?

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.

How have ALG shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Alamo Group?

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.
View Alamo Group's Short Interest
.

When is Alamo Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ALG earnings forecast
.

How were Alamo Group's earnings last quarter?

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%.

How often does Alamo Group pay dividends? What is the dividend yield for Alamo Group?

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
.

Is Alamo Group a good dividend stock?

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.

What is Ron Robinson's approval rating as Alamo Group's CEO?

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.

What other stocks do shareholders of Alamo Group own?

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).

What is Alamo Group's stock symbol?

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

Who are Alamo Group's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of Alamo Group?

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.
Compare Top Brokerages Here.

What is Alamo Group's stock price today?

One share of ALG stock can currently be purchased for approximately $177.81.

How much money does Alamo Group make?

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.

How many employees does Alamo Group have?

The company employs 4,200 workers across the globe.

How can I contact Alamo Group?

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.

This page (NYSE:ALG) was last updated on 9/28/2023 by MarketBeat.com Staff

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