Alamo Group (NYSE:ALG) Sets New 1-Year Low – Time to Sell?

Alamo Group, Inc. (NYSE:ALG)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $145.76 and last traded at $148.74, with a volume of 947 shares trading hands. The stock had previously closed at $151.98.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. William Blair started coverage on Alamo Group in a report on Monday, March 16th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a report on Friday, March 27th. Finally, DA Davidson dropped their price objective on Alamo Group from $190.00 to $188.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Alamo Group Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 4.32 and a quick ratio of 2.45. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 0.87 and a beta of 1.17. The stock’s 50-day moving average is $167.98 and its 200 day moving average is $177.64.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.36. Alamo Group had a net margin of 6.21% and a return on equity of 9.71%. The company had revenue of $417.15 million during the quarter, compared to the consensus estimate of $398.02 million. As a group, analysts predict that Alamo Group, Inc. will post 10.61 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, April 15th. Alamo Group’s dividend payout ratio (DPR) is 16.27%.

Insider Transactions at Alamo Group

In other Alamo Group news, CEO Robert Paul Hureau acquired 460 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $164.40 per share, with a total value of $75,624.00. Following the purchase, the chief executive officer directly owned 12,506 shares in the company, valued at approximately $2,055,986.40. This trade represents a 3.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Nina C. Grooms sold 499 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $175.19, for a total transaction of $87,419.81. Following the transaction, the director directly owned 2,844 shares of the company’s stock, valued at approximately $498,240.36. This trade represents a 14.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of Alamo Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC grew its stake in Alamo Group by 136.2% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 177 shares during the period. Jones Financial Companies Lllp grew its stake in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 314 shares during the period. MAI Capital Management purchased a new stake in Alamo Group in the 3rd quarter worth approximately $73,000. Kestra Advisory Services LLC purchased a new stake in Alamo Group in the 4th quarter worth approximately $76,000. Finally, State of Wyoming grew its stake in Alamo Group by 76.5% in the 4th quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 205 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.