Analysts Set $109.50 Price Target for Alamo Group, Inc. (ALG)

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

Brokerages have set a 1-year consensus price objective of $109.50 for the company and are expecting that the company will post $0.98 EPS for the current quarter, according to Zacks. Zacks has also given Alamo Group an industry rank of 62 out of 265 based on the ratings given to its competitors.

A number of research analysts have commented on ALG shares. Zacks Investment Research downgraded Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Piper Jaffray Companies set a $104.00 target price on Alamo Group and gave the company a “buy” rating in a research note on Sunday, October 1st.

In other Alamo Group news, EVP Richard Hodges Raborn sold 2,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $111.53, for a total value of $223,060.00. Following the transaction, the executive vice president now owns 4,500 shares in the company, valued at $501,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.99% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its position in shares of Alamo Group by 5.7% in the second quarter. State Street Corp now owns 225,191 shares of the industrial products company’s stock worth $20,447,000 after buying an additional 12,110 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Alamo Group by 84.8% in the third quarter. Bessemer Group Inc. now owns 12,200 shares of the industrial products company’s stock worth $1,310,000 after buying an additional 5,600 shares during the last quarter. PEAK6 Investments L.P. lifted its position in shares of Alamo Group by 254.1% in the third quarter. PEAK6 Investments L.P. now owns 8,208 shares of the industrial products company’s stock worth $881,000 after buying an additional 5,890 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Alamo Group by 6.9% in the third quarter. Advisors Asset Management Inc. now owns 14,497 shares of the industrial products company’s stock worth $1,557,000 after buying an additional 932 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Alamo Group by 5.7% in the second quarter. Vanguard Group Inc. now owns 524,765 shares of the industrial products company’s stock worth $47,654,000 after buying an additional 28,280 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Alamo Group (NYSE ALG) opened at $114.43 on Wednesday. Alamo Group has a twelve month low of $70.53 and a twelve month high of $119.58. 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 $1,340.00, a price-to-earnings ratio of 27.44 and a beta of 0.96.

Alamo Group (NYSE:ALG) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $223.40 million. analysts expect that Alamo Group will post 4.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th will be paid a $0.11 dividend. The ex-dividend date is Friday, January 12th. This represents a $0.44 dividend on an annualized basis and a yield of 0.38%. This is an increase from Alamo Group’s previous quarterly dividend of $0.10. Alamo Group’s payout ratio is 9.59%.

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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.

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