Alamo Group - ALG Stock Forecast, Price & News

1 Wall Street research 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 research 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.

1 analysts have issued 1-year 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 a possible upside of 9.8% from the stock's current price.
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Alamo Group's stock was trading at $147.18 at the beginning of the year. Since then, ALG shares have decreased by 15.8% and is now trading at $123.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ALG earnings forecast.

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 analysts' consensus estimates of $2.06 by $0.33. Alamo Group had a trailing twelve-month return on equity of 12.03% and a net margin of 5.84%. During the same quarter in the prior year, the company posted $1.97 EPS.

Alamo Group declared a quarterly dividend on Tuesday, July 5th. Stockholders of record on Monday, July 18th will be paid a dividend of $0.18 per share on Monday, August 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, July 15th.
Read our dividend analysis for ALG.

Alamo Group (NYSE:ALG) pays an annual dividend of $0.72 per share and currently has a dividend yield of 0.58%. 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.

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."

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 $123.86.

Alamo Group (NYSE:ALG) has a market capitalization of $1.48 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.

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.