Alamo Group - ALG Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alamo Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALG shares.
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2 equities research analysts have issued 12 month price targets for Alamo Group's shares. Their ALG share price forecasts range from $195.00 to $196.00. On average, they expect the company's stock price to reach $195.50 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Alamo Group's stock was trading at $141.60 at the beginning of the year. Since then, ALG stock has increased by 22.3% and is now trading at $173.19.
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Alamo Group saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 94,600 shares, an increase of 8.7% from the February 13th total of 87,000 shares. Based on an average daily trading volume, of 57,700 shares, the short-interest ratio is currently 1.6 days. Approximately 0.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ALG earnings forecast.

Alamo Group Inc. (NYSE:ALG) announced its quarterly earnings data on Tuesday, November, 2nd. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by $0.39. The industrial products company earned $338.31 million during the quarter. Alamo Group had a trailing twelve-month return on equity of 13.78% and a net margin of 6.73%. During the same quarter in the previous year, the business earned $1.67 EPS.

Alamo Group announced a quarterly dividend on Tuesday, January 3rd. Shareholders of record on Wednesday, January 18th will be paid a dividend of $0.22 per share on Wednesday, February 1st. This represents a $0.88 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, January 17th. This is a positive change from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for ALG.

ETFs with the largest weight of Alamo Group (NYSE:ALG) stock in their portfolio include iShares MSCI Kuwait ETF (KWT), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco DWA SmallCap Momentum ETF (DWAS), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), Small Cap US Equity Select ETF (RNSC) and VictoryShares US Small Cap Volatility Wtd (CSA).

Alamo Group (NYSE:ALG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 0.50%. 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 10.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALG will have a dividend payout ratio of 8.29% 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 many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (5.72%), Victory Capital Management Inc. (5.72%), Victory Capital Management Inc. (5.71%), T. Rowe Price Investment Management Inc. (5.67%), Dimensional Fund Advisors LP (5.15%) and GW&K Investment Management LLC (2.76%). 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 $173.19.

Alamo Group (NYSE:ALG) has a market capitalization of $2.07 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 $8.54 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.