Alamo Group, Inc. (NYSE:ALG) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Alamo Group’s rating score has declined by 100% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $128.00 for the company and are predicting that the company will post $1.88 EPS for the current quarter, according to Zacks. Zacks has also given Alamo Group an industry rank of 173 out of 255 based on the ratings given to its competitors.
A number of equities analysts have recently issued reports on the stock. Sidoti increased their price objective on shares of Alamo Group from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Dougherty & Co assumed coverage on shares of Alamo Group in a research note on Tuesday, August 27th. They set a “neutral” rating on the stock.
In other news, EVP Jeffery Allen Leonard sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $106.18, for a total transaction of $106,180.00. Following the transaction, the executive vice president now directly owns 14,900 shares in the company, valued at $1,582,082. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Dan Edward Malone sold 1,200 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $108.73, for a total transaction of $130,476.00. Following the transaction, the vice president now owns 15,550 shares in the company, valued at $1,690,751.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,645 shares of company stock worth $394,547. Insiders own 3.29% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank lifted its position in Alamo Group by 101.5% during the second quarter. Huntington National Bank now owns 522 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 263 shares during the last quarter. North Star Investment Management Corp. lifted its position in Alamo Group by 5.6% during the second quarter. North Star Investment Management Corp. now owns 28,144 shares of the industrial products company’s stock valued at $2,812,000 after acquiring an additional 1,501 shares during the last quarter. Mawer Investment Management Ltd. purchased a new stake in Alamo Group during the second quarter valued at approximately $27,441,000. Shaker Investments LLC OH purchased a new stake in Alamo Group during the second quarter valued at approximately $713,000. Finally, ClariVest Asset Management LLC purchased a new stake in Alamo Group during the first quarter valued at approximately $3,948,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.
ALG stock traded up $4.07 during mid-day trading on Monday, reaching $118.78. The company had a trading volume of 60,226 shares, compared to its average volume of 81,817. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.58 and a quick ratio of 2.82. The firm has a 50 day moving average of $115.93 and a 200 day moving average of $104.36. Alamo Group has a 12 month low of $72.50 and a 12 month high of $124.68. The company has a market capitalization of $1.40 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75.
Alamo Group (NYSE:ALG) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.67 earnings per share (EPS) for the quarter. Alamo Group had a net margin of 7.17% and a return on equity of 13.85%. The firm had revenue of $285.19 million for the quarter. Analysts anticipate that Alamo Group will post 6.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.40%. Alamo Group’s dividend payout ratio is presently 8.04%.
About Alamo Group
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor- and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.
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