Alamo Group, Inc. (NYSE:ALG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Alamo Group, Inc. (NYSE:ALG) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $188.00.

A number of brokerages recently weighed in on ALG. DA Davidson reissued a “neutral” rating and issued a $188.00 price target on shares of Alamo Group in a report on Wednesday, July 1st. Weiss Ratings upgraded Alamo Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th.

Alamo Group Stock Down 2.7%

Shares of NYSE ALG opened at $167.01 on Friday. Alamo Group has a 12-month low of $145.76 and a 12-month high of $219.88. The firm’s 50-day simple moving average is $165.15 and its 200 day simple moving average is $166.29. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.09.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.08. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. The firm had revenue of $450.73 million during the quarter, compared to analysts’ expectations of $437.48 million. On average, research analysts expect that Alamo Group will post 10.56 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 16th. Alamo Group’s dividend payout ratio is 16.31%.

Insider Transactions at Alamo Group

In related news, EVP Edward Rizzuti sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.41, for a total value of $446,373.15. Following the transaction, the executive vice president owned 8,142 shares in the company, valued at $1,338,626.22. This trade represents a 25.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Alamo Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in Alamo Group by 209.0% during the 4th quarter. Natixis Advisors LLC now owns 49,217 shares of the industrial products company’s stock worth $8,262,000 after acquiring an additional 33,291 shares during the last quarter. Janus Henderson Group PLC increased its stake in Alamo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 167,983 shares of the industrial products company’s stock valued at $27,713,000 after purchasing an additional 20,410 shares in the last quarter. Sei Investments Co. increased its stake in Alamo Group by 47.3% in the first quarter. Sei Investments Co. now owns 49,937 shares of the industrial products company’s stock valued at $8,236,000 after purchasing an additional 16,034 shares in the last quarter. UBS Group AG raised its holdings in Alamo Group by 26.7% in the fourth quarter. UBS Group AG now owns 58,708 shares of the industrial products company’s stock worth $9,855,000 after purchasing an additional 12,361 shares during the period. Finally, Value Holdings Management CO. LLC acquired a new stake in Alamo Group in the second quarter worth $2,467,000. 92.36% of the stock is owned by institutional investors.

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.