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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
The Day of Financial Reckoning Is Near (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
The Day of Financial Reckoning Is Near (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
The Day of Financial Reckoning Is Near (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
NYSE:ALG

Alamo Group - ALG Stock Forecast, Price & News

$140.91
-2.73 (-1.90%)
(As of 08/16/2022 12:00 AM ET)
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Compare
Today's Range
$140.00
$143.11
50-Day Range
$109.83
$143.64
52-Week Range
$108.35
$160.71
Volume
47,720 shs
Average Volume
39,728 shs
Market Capitalization
$1.69 billion
P/E Ratio
20.04
Dividend Yield
0.50%
Price Target
$136.00

Alamo Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.5% Downside
$136.00 Price Target
Short Interest
Healthy
1.13% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of Alamo Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$212,062 Sold Last Quarter
Proj. Earnings Growth
14.17%
From $8.61 to $9.83 Per Share

Overall MarketRank

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

2.35 out of 5 stars

Industrial Products Sector

78th out of 189 stocks

Farm Machinery & Equipment Industry

2nd 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. Its Vegetation Management Division segment offers hydraulically-powered and tractor-mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty applications, 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, replacement parts, tractor attachments, agricultural implements, hydraulic and boom-mounted hedge and grass cutters, tractor attachments and implements, hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators, self-propelled sprayers and multi-drive load-carrying vehicles, cutting blades, and hydraulic and mechanical boom mowers. 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALG. StockNews.com upgraded Alamo Group from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. DA Davidson lifted their price target on Alamo Group to $136.00 in a research report on Tuesday, August 9th. Finally, TheStreet cut Alamo Group from a "b-" rating to a "c+" rating in a report on Thursday, May 19th.

Alamo Group Stock Performance

Shares of NYSE:ALG opened at $140.91 on Wednesday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 20.04 and a beta of 0.99. The company has a current ratio of 3.95, a quick ratio of 2.09 and a debt-to-equity ratio of 0.48. Alamo Group has a 1-year low of $108.35 and a 1-year high of $160.71. The stock's 50-day moving average is $120.96 and its 200 day moving average is $129.01.

Alamo Group (NYSE:ALG - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The industrial products company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.06 by $0.33. Alamo Group had a return on equity of 12.03% and a net margin of 5.84%. During the same quarter in the previous year, the business posted $1.97 EPS. On average, sell-side analysts anticipate that Alamo Group will post 8.61 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Monday, July 18th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, July 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.51%. Alamo Group's dividend payout ratio (DPR) is currently 10.24%.

Insiders Place Their Bets

In related news, Director Robert P. Bauer purchased 500 shares of the firm's stock in a transaction on Wednesday, June 15th. The shares were acquired at an average cost of $113.99 per share, with a total value of $56,995.00. Following the purchase, the director now directly owns 7,561 shares of the company's stock, valued at $861,878.39. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Robert P. Bauer purchased 500 shares of the firm's stock in a transaction on Wednesday, June 15th. The shares were acquired at an average cost of $113.99 per share, with a total value of $56,995.00. Following the purchase, the director now directly owns 7,561 shares of the company's stock, valued at $861,878.39. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Hodges Raborn sold 1,553 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $136.55, for a total value of $212,062.15. Following the transaction, the executive vice president now directly owns 8,710 shares in the company, valued at $1,189,350.50. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

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ALG Stock News Headlines

Alamo Group Shares Cross Above 200 DMA
Alamo Group (NYSE:ALG) Lifted to "Buy" at StockNews.com
Recap: Alamo Group Q2 Earnings
Alamo Group Inc Stock News
Alamo Group Misses Q1 EPS by 8c
Alamos Gold: Where Growth And Value Intersect
Alamo declares $0.18 dividend
Recap: Alamo Group Q4 Earnings
Alamo Group: Q4 Earnings Snapshot
See More Headlines
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ALG Company Calendar

Ex-Dividend for 8/1 Dividend
7/15/2022
Dividend Payable
8/01/2022
Last Earnings
8/03/2022
Today
8/16/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$136.00
High Stock Price Forecast
$136.00
Low Stock Price Forecast
$136.00
Forecasted Upside/Downside
-3.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$80.25 million
Pretax Margin
8.03%

Debt

Sales & Book Value

Annual Sales
$1.33 billion
Cash Flow
$10.63 per share
Book Value
$59.18 per share

Miscellaneous

Free Float
11,691,000
Market Cap
$1.69 billion
Optionable
Optionable
Beta
0.99














ALG Stock - Frequently Asked Questions

Should I buy or sell Alamo Group stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alamo Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ALG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALG, but not buy additional shares or sell existing shares.
View ALG analyst ratings
or view top-rated stocks.

What is Alamo Group's stock price forecast for 2022?

1 Wall Street analysts have issued 12 month price objectives for Alamo Group's shares. Their ALG share price forecasts range from $136.00 to $136.00. On average, they expect the company's share price to reach $136.00 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for ALG
or view top-rated stocks among Wall Street analysts.

How have ALG shares performed in 2022?

Alamo Group's stock was trading at $147.18 at the beginning of the year. Since then, ALG shares have decreased by 4.3% and is now trading at $140.91.
View the best growth stocks for 2022 here
.

Are investors shorting Alamo Group?

Alamo Group saw a decrease in short interest in July. As of July 31st, there was short interest totaling 131,900 shares, a decrease of 9.9% from the July 15th total of 146,400 shares. Based on an average trading volume of 39,600 shares, the short-interest ratio is presently 3.3 days. Approximately 1.1% of the company's stock 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 Wednesday, November 2nd 2022.
View our ALG earnings forecast
.

How were Alamo Group's earnings last quarter?

Alamo Group Inc. (NYSE:ALG) issued its earnings results on Wednesday, August, 3rd. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.06 by $0.33. Alamo Group had a net margin of 5.84% and a trailing twelve-month return on equity of 12.03%. During the same quarter in the previous year, the business earned $1.97 earnings per share.

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

Alamo Group announced a quarterly dividend on Tuesday, July 5th. Shareholders of record on Monday, July 18th will be given a dividend of $0.18 per share on Monday, August 1st. This represents a $0.72 annualized dividend and a yield of 0.51%. The ex-dividend date is Friday, July 15th.
Read our dividend analysis for ALG
.

Is Alamo Group a good dividend stock?

Alamo Group (NYSE:ALG) pays an annual dividend of $0.72 per share and currently has a dividend yield of 0.50%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALG will have a dividend payout ratio of 7.32% 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 retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (7.22%), Victory Capital Management Inc. (5.48%), Allspring Global Investments Holdings LLC (3.04%), State Street Corp (2.89%), Vaughan Nelson Investment Management L.P. (2.14%) and Northern Trust Corp (1.96%). 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, Ronald A Robinson and Weiss Gary.
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 $140.91.

How much money does Alamo Group make?

Alamo Group (NYSE:ALG) has a market capitalization of $1.69 billion and generates $1.33 billion in revenue each year. The industrial products company earns $80.25 million in net income (profit) each year or $7.03 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 8/17/2022 by MarketBeat.com Staff

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