Shares of Alamo Group, Inc. (NYSE:ALG) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One 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 price objective of $109.50 for the company and are forecasting that the company will post $0.98 earnings per share for the current quarter, according to Zacks. Zacks has also given Alamo Group an industry rank of 6 out of 265 based on the ratings given to its competitors.

ALG has been the subject of a number of analyst reports. ValuEngine raised Alamo Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Piper Jaffray Companies set a $104.00 price target on Alamo Group and gave the stock a “buy” rating in a report on Friday, August 25th.

In other news, EVP Richard Hodges Raborn sold 2,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $111.53, for a total value of $223,060.00. Following the completion of the transaction, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at $501,885. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Geoff Davies sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 3,800 shares of the company’s stock, valued at $373,008. The disclosure for this sale can be found here. 3.99% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Alamo Group in the third quarter worth $111,000. Acrospire Investment Management LLC raised its position in shares of Alamo Group by 150.1% in the second quarter. Acrospire Investment Management LLC now owns 1,173 shares of the industrial products company’s stock worth $107,000 after buying an additional 704 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Alamo Group by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 1,248 shares of the industrial products company’s stock worth $113,000 after buying an additional 17 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Alamo Group by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 1,865 shares of the industrial products company’s stock worth $169,000 after buying an additional 825 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Alamo Group in the third quarter worth $210,000. Institutional investors own 91.94% of the company’s stock.

Alamo Group (NYSE:ALG) opened at $115.66 on Friday. Alamo Group has a twelve month low of $70.53 and a twelve month high of $119.58. The firm has a market capitalization of $1,350.00, a price-to-earnings ratio of 27.37 and a beta of 0.93. The company has a current ratio of 4.48, a quick ratio of 2.85 and a debt-to-equity ratio of 0.28.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.16. Alamo Group had a return on equity of 12.11% and a net margin of 5.56%. The firm had revenue of $240.46 million during the quarter, compared to analyst estimates of $223.40 million. equities research analysts predict that Alamo Group will post 4.49 EPS for the current year.

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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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