Alamo Group - ALG Stock Forecast, Price & News

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.