Analysts Set Alamo Group, Inc. (NYSE:ALG) PT at $222.33

Shares of Alamo Group, Inc. (NYSE:ALG) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $222.3333.

ALG has been the subject of a number of research analyst reports. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wall Street Zen cut shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. Finally, DA Davidson dropped their target price on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th.

Insider Transactions at Alamo Group

In other Alamo Group news, CEO Robert Paul Hureau bought 600 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $167.77 per share, for a total transaction of $100,662.00. Following the purchase, the chief executive officer owned 11,588 shares in the company, valued at approximately $1,944,118.76. This trade represents a 5.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders purchased 1,058 shares of company stock valued at $175,209. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Alamo Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in shares of Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 314 shares during the period. MAI Capital Management bought a new stake in shares of Alamo Group during the third quarter valued at approximately $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Alamo Group in the 2nd quarter worth $87,000. Globeflex Capital L P purchased a new stake in Alamo Group in the second quarter worth about $100,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Alamo Group by 152.4% during the second quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Performance

NYSE:ALG opened at $195.13 on Thursday. The business’s fifty day moving average is $177.93 and its 200 day moving average is $190.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43. Alamo Group has a 52-week low of $156.29 and a 52-week high of $233.29. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.09 and a beta of 1.13.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). The company had revenue of $420.04 million for the quarter, compared to the consensus estimate of $407.55 million. Alamo Group had a return on equity of 11.11% and a net margin of 7.20%. Research analysts predict that Alamo Group will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. This is an increase from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 16th. Alamo Group’s payout ratio is 14.11%.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.