Alamo Group, Inc. (NYSE:ALG) has received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a one year consensus target price of $104.00 for the company and are predicting that the company will post $0.93 EPS for the current quarter, according to Zacks. Zacks has also given Alamo Group an industry rank of 20 out of 265 based on the ratings given to its competitors.

ALG has been the subject of several recent research reports. Piper Jaffray Companies set a $104.00 price target on Alamo Group and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Alamo Group from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, August 22nd. Finally, ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

In other news, VP Geoff Davies sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $98.16, for a total value of $392,640.00. Following the completion of the sale, the vice president now directly owns 3,800 shares in the company, valued at $373,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Hodges Raborn sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $111.53, for a total value of $223,060.00. Following the completion of the sale, the executive vice president now owns 4,500 shares of the company’s stock, valued at $501,885. The disclosure for this sale can be found here. Insiders sold 6,364 shares of company stock valued at $649,257 over the last 90 days. Company insiders own 3.99% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ALG. Parametric Portfolio Associates LLC increased its position in shares of Alamo Group by 12.1% during the first quarter. Parametric Portfolio Associates LLC now owns 9,131 shares of the industrial products company’s stock worth $696,000 after purchasing an additional 984 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Alamo Group by 30.1% during the first quarter. TIAA CREF Investment Management LLC now owns 52,438 shares of the industrial products company’s stock worth $3,995,000 after purchasing an additional 12,124 shares in the last quarter. Legal & General Group Plc increased its position in shares of Alamo Group by 1.2% during the first quarter. Legal & General Group Plc now owns 15,757 shares of the industrial products company’s stock worth $1,202,000 after purchasing an additional 184 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Alamo Group by 5.1% during the first quarter. Thrivent Financial For Lutherans now owns 5,350 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 260 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Alamo Group by 9.0% during the first quarter. Vanguard Group Inc. now owns 496,485 shares of the industrial products company’s stock worth $37,828,000 after purchasing an additional 41,187 shares in the last quarter. Hedge funds and other institutional investors own 87.73% of the company’s stock.

Alamo Group (NYSE:ALG) opened at $113.29 on Friday. The company has a current ratio of 4.48, a quick ratio of 2.85 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1,304.11, a P/E ratio of 26.01 and a beta of 0.94. Alamo Group has a 12-month low of $70.53 and a 12-month high of $114.57.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.16. The company had revenue of $240.46 million during the quarter, compared to analysts’ expectations of $223.40 million. Alamo Group had a return on equity of 12.11% and a net margin of 5.56%. equities analysts predict that Alamo Group will post 4.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Monday, October 16th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, October 13th. Alamo Group’s dividend payout ratio (DPR) is presently 9.59%.

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About Alamo Group

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.

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