Alamo Group’s (ALG) “Neutral” Rating Reiterated at DA Davidson

DA Davidson restated their neutral rating on shares of Alamo Group (NYSE:ALG) in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a $190.00 target price on the industrial products company’s stock.

A number of other equities research analysts also recently commented on ALG. Zacks Research downgraded Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. William Blair started coverage on Alamo Group in a research report on Monday, March 16th. They set an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Alamo Group Stock Performance

ALG opened at $171.38 on Wednesday. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.57 and a quick ratio of 2.82. Alamo Group has a 1-year low of $156.29 and a 1-year high of $233.29. The business has a 50 day moving average price of $176.78 and a two-hundred day moving average price of $179.38.

Alamo Group (NYSE:ALG) last released its earnings results on Monday, March 2nd. The industrial products company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.36). The firm had revenue of $373.65 million during the quarter, compared to analyst estimates of $405.18 million. Alamo Group had a return on equity of 10.04% and a net margin of 6.47%. Research analysts predict that Alamo Group will post 10.32 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, April 15th. Alamo Group’s dividend payout ratio is 15.83%.

Insider Activity

In related news, CEO Robert Paul Hureau acquired 460 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $164.40 per share, for a total transaction of $75,624.00. Following the transaction, the chief executive officer owned 12,506 shares of the company’s stock, valued at approximately $2,055,986.40. The trade was a 3.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward Rizzuti sold 600 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $170.93, for a total transaction of $102,558.00. Following the sale, the executive vice president directly owned 10,857 shares in the company, valued at approximately $1,855,787.01. This trade represents a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.06% of the company’s stock.

Institutional Trading of Alamo Group

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in Alamo Group by 136.2% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 177 shares during the period. Jones Financial Companies Lllp raised its stake in Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the period. MAI Capital Management acquired a new stake in Alamo Group during the 3rd quarter valued at $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Alamo Group during the 2nd quarter valued at $87,000. Finally, Kestra Advisory Services LLC acquired a new stake in Alamo Group during the 4th quarter valued at $76,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Company Profile

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.