Alamo Group (NYSE:ALG) Stock Gets Downgrade from Zacks Research

Alamo Group (NYSE:ALG – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Separately, Weiss Ratings downgraded Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $188.00.

Get Our Latest Research Report on Alamo Group

Alamo Group Trading Down 2.0%

Shares of NYSE:ALG traded down $2.73 during trading on Thursday, reaching $133.81. 107,301 shares of the company were exchanged, compared to its average volume of 155,182. The firm has a market capitalization of $1.63 billion, a PE ratio of 20.88, a P/E/G ratio of 0.91 and a beta of 1.08. The business’s fifty day simple moving average is $157.49 and its 200-day simple moving average is $167.86. Alamo Group has a 12-month low of $133.32 and a 12-month high of $219.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.39 and a quick ratio of 2.48.

Alamo Group (NYSE:ALG – Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.56). The firm had revenue of $403.14 million during the quarter, compared to analysts’ expectations of $437.11 million. Alamo Group had a net margin of 4.72% and a return on equity of 9.47%. On average, research analysts anticipate that Alamo Group will post 9.90 EPS for the current year.

Insider Activity at Alamo Group

In other news, EVP Edward Rizzuti sold 2,537 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $174.68, for a total value of $443,163.16. Following the completion of the sale, the executive vice president owned 5,605 shares of the company’s stock, valued at approximately $979,081.40. This represents a 31.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On Alamo Group

Several institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in Alamo Group by 51.4% in the third quarter. Fifth Third Bancorp now owns 19,083 shares of the industrial products company’s stock worth $2,954,000 after buying an additional 6,482 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in Alamo Group by 50.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 2,358 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 788 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in Alamo Group during the 3rd quarter valued at $58,000. Parallel Advisors LLC boosted its position in Alamo Group by 378.9% during the 3rd quarter. Parallel Advisors LLC now owns 728 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 576 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in Alamo Group during the 3rd quarter valued at $1,162,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

More Alamo Group News

Here are the key news stories impacting Alamo Group this week:

  • Negative Sentiment: Sidoti cut its FY2026 EPS estimate to $9.58 from $10.44 and its FY2027 estimate to $10.53 from $11.93, indicating a weaker earnings outlook. Alamo Group analyst estimate reports
  • Negative Sentiment: The firm also reduced estimates for multiple quarters: Q4 2026 to $2.14 from $2.43; Q1 2027 to $2.46 from $2.71; Q2 2027 to $2.92 from $3.31; Q3 2027 to $2.65 from $3.11; and Q4 2027 to $2.50 from $2.80. The repeated downgrades suggest softer expected earnings momentum.
  • Neutral Sentiment: Sidoti’s FY2028 EPS estimate is $11.19, above the stated current-year consensus of $10.52, pointing to potential longer-term earnings growth, though it does not offset the nearer-term estimate reductions.

About Alamo Group

(Get Free Report)

Alamo Group Inc (NYSE: ALG) manufactures equipment used in the maintenance of infrastructure, vegetation, and agricultural land. Its products are primarily sold to municipalities, government agencies, contractors, utility companies, transportation departments, and agricultural customers.

The company’s product portfolio includes mowing and vegetation-management equipment, street sweepers, snow-removal equipment, vacuum trucks, excavators, agricultural implements, and other specialized machinery.

Further Reading

Analyst Recommendations for Alamo Group (NYSE:ALG)

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