Alamo Group, Inc. (NYSE:ALG) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 12 month consensus price target of $115.00 for the company and are predicting 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 114 out of 265 based on the ratings given to its competitors.
Several equities research analysts have issued reports on ALG shares. Zacks Investment Research raised Alamo Group from a “sell” rating to a “strong-buy” rating and set a $131.00 price target for the company in a report on Tuesday, November 7th. ValuEngine raised Alamo Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
Alamo Group (NYSE:ALG) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.40 EPS 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 the consensus estimate of $223.40 million. Alamo Group had a return on equity of 12.11% and a net margin of 5.56%. analysts forecast that Alamo Group will post 4.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were issued a dividend of $0.11 per share. This is an increase from Alamo Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, January 12th. This represents a $0.44 annualized dividend and a yield of 0.38%. Alamo Group’s dividend payout ratio (DPR) is currently 10.55%.
In other Alamo Group 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 transaction 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 approximately $501,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.99% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Chicago Equity Partners LLC increased its position in Alamo Group by 130.7% during the 4th quarter. Chicago Equity Partners LLC now owns 43,650 shares of the industrial products company’s stock worth $4,927,000 after buying an additional 24,730 shares during the period. Assenagon Asset Management S.A. bought a new position in Alamo Group during the 4th quarter worth $2,749,000. Acadian Asset Management LLC bought a new position in Alamo Group during the 4th quarter worth $1,421,000. Schwab Charles Investment Management Inc. increased its position in Alamo Group by 16.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 62,576 shares of the industrial products company’s stock worth $7,063,000 after buying an additional 9,048 shares during the period. Finally, National Investment Services Inc. WI increased its position in Alamo Group by 70.7% during the 4th quarter. National Investment Services Inc. WI now owns 3,445 shares of the industrial products company’s stock worth $389,000 after buying an additional 1,427 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.
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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