Alamo Group, Inc. (NYSE:ALG) shares reached a new 52-week low on Thursday . The stock traded as low as $77.85 and last traded at $79.22, with a volume of 859 shares changing hands. The stock had previously closed at $80.63.
Several research firms have recently weighed in on ALG. ValuEngine cut shares of Alamo Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Sidoti raised shares of Alamo Group from a “neutral” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Wednesday, October 24th.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.60 and a current ratio of 4.27. The firm has a market cap of $931.31 million, a price-to-earnings ratio of 16.80 and a beta of 0.91.
Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, November 1st. The industrial products company reported $1.75 earnings per share for the quarter, meeting the consensus estimate of $1.75. Alamo Group had a net margin of 6.04% and a return on equity of 13.85%. The firm had revenue of $257.57 million during the quarter.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Interstate Bank purchased a new position in shares of Alamo Group during the third quarter valued at approximately $130,000. Itau Unibanco Holding S.A. purchased a new position in shares of Alamo Group during the second quarter valued at approximately $166,000. UBS Group AG raised its holdings in shares of Alamo Group by 83.8% during the first quarter. UBS Group AG now owns 1,601 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 730 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Alamo Group during the third quarter valued at approximately $210,000. Finally, SG Americas Securities LLC increased its holdings in Alamo Group by 39.0% during the second quarter. SG Americas Securities LLC now owns 2,838 shares of the industrial products company’s stock valued at $256,000 after buying an additional 796 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.
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About Alamo Group (NYSE:ALG)
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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