Alliance Laundry Holdings Inc. (NYSE:ALH) Stock Has Average Target Price of $30.20

Alliance Laundry Holdings Inc. (NYSE:ALH – Get Free Report) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.20.

A number of research firms recently commented on ALH. Robert W. Baird upped their price objective on Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 14th. BMO Capital Markets raised their target price on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Citigroup decreased their target price on Alliance Laundry from $31.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Weiss Ratings cut Alliance Laundry from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, Zacks Research cut Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th.

Read Our Latest Stock Analysis on ALH

Insider Activity at Alliance Laundry

In related news, insider Samantha Hannan sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total transaction of $160,800.00. Following the completion of the transaction, the insider owned 286,066 shares in the company, valued at approximately $7,666,568.80. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amanda Kopetsky sold 13,472 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $27.00, for a total transaction of $363,744.00. Following the completion of the sale, the insider directly owned 7,331 shares of the company’s stock, valued at $197,937. The trade was a 64.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 169,472 shares of company stock worth $3,959,544. 7.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alliance Laundry

Institutional investors and hedge funds have recently made changes to their positions in the company. BDT Capital Partners LLC bought a new stake in shares of Alliance Laundry in the 2nd quarter valued at $3,732,734,978. BlackRock Inc. bought a new stake in shares of Alliance Laundry in the second quarter worth about $85,422,000. Bank of America Corp DE bought a new stake in shares of Alliance Laundry in the second quarter worth about $14,037,000. Sei Investments Co. raised its position in shares of Alliance Laundry by 9.4% during the first quarter. Sei Investments Co. now owns 266,884 shares of the company’s stock worth $5,535,000 after purchasing an additional 22,988 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Alliance Laundry by 24.6% during the first quarter. Renaissance Technologies LLC now owns 207,300 shares of the company’s stock worth $4,299,000 after purchasing an additional 40,900 shares during the period.

Alliance Laundry Stock Performance

Shares of Alliance Laundry stock opened at $21.28 on Monday. The firm has a fifty day moving average of $22.00 and a two-hundred day moving average of $24.26. The stock has a market capitalization of $4.23 billion and a price-to-earnings ratio of 23.38. Alliance Laundry has a 52 week low of $18.64 and a 52 week high of $28.23. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.14 and a current ratio of 1.43.

Alliance Laundry (NYSE:ALH – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Alliance Laundry had a return on equity of 81.92% and a net margin of 10.08%. The company had revenue of $476.75 million for the quarter. As a group, equities research analysts predict that Alliance Laundry will post 1.35 EPS for the current year.

Alliance Laundry Company Profile

(Get Free Report)

Alliance Laundry Holdings, Inc is a commercial and residential laundry equipment company headquartered in Ripon, Wisconsin. Through its operating businesses, the company designs, manufactures and distributes washing machines, dryers and related laundry systems for commercial, institutional and consumer customers.

Its product portfolio includes coin-operated and on-premises laundry equipment, industrial laundry systems, and residential washers and dryers. The company’s brands include Speed Queen, Huebsch, UniMac, Primus and IPSO, serving customers such as laundromats, multifamily housing operators, hotels, healthcare facilities, correctional institutions and other organizations with high-volume laundry needs.

Alliance Laundry traces its origins to 1908 and sells its products through distributors and other sales channels in the United States and international markets.

Further Reading

Analyst Recommendations for Alliance Laundry (NYSE:ALH)

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