Alamo Group - ALG Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alamo Group in the last year. 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.

1 analysts have issued twelve-month price objectives for Alamo Group's stock. 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 year. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for ALG or view top-rated stocks among Wall Street analysts.

Alamo Group's stock was trading at $147.18 at the beginning of 2022. Since then, ALG stock has decreased by 9.8% and is now trading at $132.74.
View the best growth stocks for 2022 here.

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 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. The industrial products company earned $396.21 million during the quarter. Alamo Group had a net margin of 5.84% and a trailing twelve-month return on equity of 12.03%. During the same period in the prior year, the firm posted $1.97 earnings per share.

Alamo Group declared a quarterly dividend on Monday, October 3rd. Stockholders of record on Tuesday, October 18th will be given a dividend of $0.18 per share on Tuesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, October 17th.
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 0.55%. 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.
Compare Top Brokerages Here.

One share of ALG stock can currently be purchased for approximately $132.74.

Alamo Group (NYSE:ALG) has a market capitalization of $1.59 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.