Alamo Group, Inc. (NYSE:ALG) has earned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company. Alamo Group’s rating score has improved by 25% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a twelve-month consensus target price of $122.50 for the company and are predicting that the company will post $0.93 EPS for the current quarter, according to Zacks. Zacks has also assigned Alamo Group an industry rank of 214 out of 254 based on the ratings given to related companies.

Several brokerages have recently weighed in on ALG. ValuEngine lowered shares of Alamo Group from a “hold” rating to a “sell” rating in a report on Monday, June 8th. TheStreet lowered shares of Alamo Group from a “b-” rating to a “c+” rating in a report on Wednesday, April 15th. Dougherty & Co upgraded shares of Alamo Group from a “neutral” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Friday, May 1st. Zacks Investment Research lowered shares of Alamo Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 6th. Finally, Sidoti raised their price target on shares of Alamo Group from $110.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday.

In other Alamo Group news, EVP Richard Hodges Raborn sold 379 shares of Alamo Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.41, for a total transaction of $37,676.39. Following the transaction, the executive vice president now owns 7,827 shares of the company’s stock, valued at approximately $778,082.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dan Edward Malone sold 950 shares of Alamo Group stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $105.15, for a total value of $99,892.50. Following the sale, the chief financial officer now owns 18,123 shares of the company’s stock, valued at $1,905,633.45. The disclosure for this sale can be found here. Insiders have sold 1,784 shares of company stock valued at $187,569 in the last three months. Corporate insiders own 3.07% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ALG. California Public Employees Retirement System lifted its stake in Alamo Group by 1.9% in the fourth quarter. California Public Employees Retirement System now owns 22,933 shares of the industrial products company’s stock valued at $2,879,000 after buying an additional 430 shares during the period. First Trust Advisors LP lifted its stake in Alamo Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 28,302 shares of the industrial products company’s stock valued at $3,553,000 after buying an additional 10,568 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Alamo Group by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 81,593 shares of the industrial products company’s stock worth $10,244,000 after acquiring an additional 2,503 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Alamo Group by 354.2% in the fourth quarter. New York State Common Retirement Fund now owns 48,144 shares of the industrial products company’s stock worth $6,044,000 after acquiring an additional 37,544 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Alamo Group by 4.7% in the fourth quarter. Rhumbline Advisers now owns 31,452 shares of the industrial products company’s stock worth $3,949,000 after acquiring an additional 1,419 shares in the last quarter. 94.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ALG traded down $3.65 during midday trading on Thursday, reaching $98.00. The company had a trading volume of 106,287 shares, compared to its average volume of 53,212. The business’s 50-day simple moving average is $99.06 and its 200 day simple moving average is $108.67. Alamo Group has a 1 year low of $70.99 and a 1 year high of $132.96. The stock has a market cap of $1.16 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.97 and a beta of 0.96. The company has a current ratio of 3.83, a quick ratio of 2.15 and a debt-to-equity ratio of 0.84.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. The business had revenue of $314.45 million for the quarter. Alamo Group had a net margin of 5.39% and a return on equity of 12.38%. Analysts predict that Alamo Group will post 4.97 earnings per share for the current year.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor- and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.

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