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 year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALG shares.
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2 equities research analysts have issued 1 year price targets for Alamo Group's shares. Their ALG share price forecasts range from $156.00 to $195.00. On average, they predict the company's share price to reach $175.50 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
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Alamo Group's stock was trading at $141.60 at the beginning of the year. Since then, ALG shares have increased by 8.8% and is now trading at $154.08.
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Alamo Group saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 93,400 shares, an increase of 10.9% from the December 15th total of 84,200 shares. Based on an average daily trading volume, of 49,800 shares, the short-interest ratio is currently 1.9 days. Currently, 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 Thursday, February 23rd 2023.
View our ALG earnings forecast.

Alamo Group Inc. (NYSE:ALG) released its quarterly earnings data on Thursday, November, 3rd. The industrial products company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.48 by $0.32. The industrial products company had revenue of $368.79 million for the quarter. Alamo Group had a net margin of 6.28% and a trailing twelve-month return on equity of 12.80%.

Alamo Group declared a quarterly dividend on Tuesday, January 3rd. Shareholders of record on Wednesday, January 18th will be paid a dividend of $0.22 per share on Wednesday, February 1st. This represents a $0.88 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday, January 17th. This is a positive change from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for ALG.

Alamo Group (NYSE:ALG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 0.57%. 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 11.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALG will have a dividend payout ratio of 9.66% 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 retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.23%), Natixis Advisors L.P. (0.38%), Strs Ohio (0.32%), North Star Investment Management Corp. (0.24%), Rice Hall James & Associates LLC (0.20%) and Ziegler Capital Management LLC (0.07%). 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 $154.08.

Alamo Group (NYSE:ALG) has a market capitalization of $1.84 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 $7.72 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.