Alamo Group, Inc. (NYSE:ALG – Get Free Report)’s share price hit a new 52-week low during trading on Thursday. The company traded as low as $143.00 and last traded at $143.4270, with a volume of 10,702 shares traded. The stock had previously closed at $144.29.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on ALG shares. Weiss Ratings downgraded Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. DA Davidson reissued a “neutral” rating and issued a $188.00 price target on shares of Alamo Group in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $188.00.
Check Out Our Latest Report on Alamo Group
Alamo Group Trading Up 1.3%
The firm has a fifty day simple moving average of $160.15 and a two-hundred day simple moving average of $169.45. The firm has a market capitalization of $1.78 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.87 and a beta of 1.08. 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 issued its earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. The firm had revenue of $450.73 million for the quarter, compared to analyst estimates of $437.48 million. On average, equities research analysts anticipate that Alamo Group, Inc. will post 10.52 earnings per share for the current fiscal year.
Alamo Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Thursday, October 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, October 15th. Alamo Group’s dividend payout ratio (DPR) is currently 16.31%.
Insider Buying and Selling at Alamo Group
In other news, EVP Edward Rizzuti sold 2,715 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the sale, the executive vice president owned 8,142 shares of the company’s stock, valued at $1,338,626.22. The trade was a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.06% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ALG. Value Holdings Management CO. LLC bought a new stake in shares of Alamo Group during the 2nd quarter valued at $2,467,000. Janus Henderson Group PLC boosted its position in shares of Alamo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 167,983 shares of the industrial products company’s stock valued at $27,713,000 after acquiring an additional 20,410 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Alamo Group in the second quarter valued at approximately $9,803,000. Man Group plc purchased a new position in Alamo Group during the second quarter valued at approximately $2,299,000. Finally, Sei Investments Co. grew its stake in Alamo Group by 47.3% during the first quarter. Sei Investments Co. now owns 49,937 shares of the industrial products company’s stock valued at $8,236,000 after acquiring an additional 16,034 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
Alamo Group Company Profile
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.
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