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 Wall Street analysts have issued 1 year price targets for Alamo Group's stock. Their ALG share price forecasts range from $195.00 to $196.00. On average, they anticipate the company's share price to reach $195.50 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price.
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Alamo Group's stock was trading at $141.60 at the start of the year. Since then, ALG shares have increased by 17.6% and is now trading at $166.48.
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Alamo Group saw a decline in short interest in May. As of May 15th, there was short interest totaling 92,400 shares, a decline of 8.2% from the April 30th total of 100,600 shares. Based on an average daily trading volume, of 64,100 shares, the short-interest ratio is presently 1.4 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, August 2nd 2023.
View our ALG earnings forecast.

Alamo Group Inc. (NYSE:ALG) released its earnings results on Tuesday, November, 2nd. The industrial products company reported $1.59 EPS for the quarter, missing analysts' consensus estimates 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 15.16% and a net margin of 7.47%. During the same period in the prior year, the firm earned $1.67 earnings per share.

Alamo Group announced a quarterly dividend on Monday, April 3rd. Shareholders of record on Monday, April 17th will be given a dividend of $0.22 per share on Monday, May 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, April 14th.
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), Invesco S&P SmallCap Industrials ETF (PSCI), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco DWA SmallCap Momentum ETF (DWAS), Janus Henderson Small Cap Growth Alpha ETF (JSML), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and

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 9.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALG will have a dividend payout ratio of 7.86% 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.84%), Dimensional Fund Advisors LP (5.12%), Victory Capital Management Inc. (4.57%), State Street Corp (2.98%), GW&K Investment Management LLC (2.76%) and Allspring Global Investments Holdings LLC (2.21%). 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 $166.48.

Alamo Group (NYSE:ALG) has a market capitalization of $2.00 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 $9.78 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.