Alamo Group, Inc. (NYSE:ALG) – Seaport Global Securities boosted their Q3 2017 earnings per share estimates for shares of Alamo Group in a note issued to investors on Monday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will post earnings of $1.26 per share for the quarter, up from their prior estimate of $1.22. Seaport Global Securities has a “Neutral” rating and a $80.00 price target on the stock. Seaport Global Securities also issued estimates for Alamo Group’s Q4 2017 earnings at $0.79 EPS, FY2017 earnings at $4.15 EPS, Q1 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.36 EPS, Q4 2018 earnings at $0.88 EPS, FY2018 earnings at $4.50 EPS and FY2019 earnings at $4.80 EPS.

Other equities research analysts also recently issued reports about the company. BidaskClub upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research downgraded Alamo Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $90.00 price objective on shares of Alamo Group in a report on Friday, July 14th.

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Shares of Alamo Group (ALG) opened at 92.43 on Tuesday. Alamo Group has a 12-month low of $58.30 and a 12-month high of $95.62. The stock has a market capitalization of $1.07 billion, a P/E ratio of 23.76 and a beta of 0.95. The firm’s 50-day moving average is $92.12 and its 200 day moving average is $81.98.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.05. The business had revenue of $213.28 million for the quarter, compared to the consensus estimate of $217.90 million. Alamo Group had a net margin of 5.32% and a return on equity of 11.78%.

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 17th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.40 annualized dividend and a yield of 0.43%. Alamo Group’s payout ratio is 10.28%.

In other Alamo Group news, CEO Ronald A. Robinson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $83.76, for a total value of $2,094,000.00. Following the transaction, the chief executive officer now directly owns 222,575 shares of the company’s stock, valued at $18,642,882. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dan Edward Malone sold 900 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.02, for a total value of $73,818.00. Following the completion of the transaction, the vice president now directly owns 10,750 shares in the company, valued at $881,715. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock worth $2,473,648 over the last three months. Insiders own 3.99% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss National Bank boosted its position in shares of Alamo Group by 4.6% in the first quarter. Swiss National Bank now owns 16,000 shares of the industrial products company’s stock valued at $1,219,000 after buying an additional 700 shares during the last quarter. Comerica Bank boosted its position in shares of Alamo Group by 3.8% in the first quarter. Comerica Bank now owns 10,418 shares of the industrial products company’s stock valued at $832,000 after buying an additional 380 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Alamo Group by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock valued at $130,000 after buying an additional 156 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Alamo Group by 37.5% in the first quarter. Bank of New York Mellon Corp now owns 179,240 shares of the industrial products company’s stock valued at $13,655,000 after buying an additional 48,873 shares during the last quarter. Finally, Capital Fund Management S.A. boosted its position in shares of Alamo Group by 19.5% in the first quarter. Capital Fund Management S.A. now owns 11,475 shares of the industrial products company’s stock valued at $874,000 after buying an additional 1,875 shares during the last quarter. 88.98% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group Company Profile

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

Earnings History and Estimates for Alamo Group (NYSE:ALG)

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