Alamo Group, Inc. (NYSE:ALG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Alamo Group, Inc. (NYSE:ALG) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $222.3333.

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. CJS Securities upgraded Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. DA Davidson dropped their target price on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th.

Alamo Group Trading Down 1.3%

Shares of ALG stock opened at $190.91 on Thursday. The stock has a 50 day simple moving average of $175.82 and a 200 day simple moving average of $191.47. Alamo Group has a 1 year low of $156.29 and a 1 year high of $233.29. The company has a current ratio of 4.43, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.31 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a return on equity of 11.11% and a net margin of 7.20%.The company had revenue of $420.04 million during the quarter, compared to the consensus estimate of $407.55 million. On average, research analysts predict that Alamo Group will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 16th will be issued a dividend of $0.34 per share. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. Alamo Group’s dividend payout ratio (DPR) is 14.11%.

Insider Buying and Selling

In other news, CEO Robert Paul Hureau purchased 600 shares of Alamo Group stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $167.77 per share, for a total transaction of $100,662.00. Following the completion of the acquisition, the chief executive officer owned 11,588 shares in the company, valued at approximately $1,944,118.76. This trade represents a 5.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 1,058 shares of company stock valued at $175,209 in the last ninety days. 1.18% of the stock is currently owned by company insiders.

Institutional Trading of Alamo Group

Institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after buying an additional 314 shares during the period. MAI Capital Management bought a new stake in Alamo Group in the third quarter valued at approximately $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Alamo Group during the 2nd quarter valued at approximately $87,000. Globeflex Capital L P acquired a new position in shares of Alamo Group in the 2nd quarter worth approximately $100,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Alamo Group by 152.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 518 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.