Alliance Laundry Holdings Inc. (NYSE:ALH) Stock Has Average Target Price of $31.20 According to Brokerages

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.20.

A number of research analysts have weighed in on ALH shares. Zacks Research downgraded shares of Alliance Laundry from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of Alliance Laundry in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on Alliance Laundry from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. BMO Capital Markets increased their price target on Alliance Laundry from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Finally, Robert W. Baird raised their price objective on Alliance Laundry from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 14th.

Insider Transactions at Alliance Laundry

In related news, insider Samantha Hannan sold 6,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $26.80, for a total value of $160,800.00. Following the completion of the sale, the insider owned 286,066 shares of the company’s stock, valued at approximately $7,666,568.80. The trade was a 2.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amanda Kopetsky sold 13,472 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $27.00, for a total transaction of $363,744.00. Following the transaction, the insider owned 7,331 shares of the company’s stock, valued at $197,937. This represents a 64.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 169,472 shares of company stock valued at $3,959,544 in the last three months. 7.60% of the stock is currently owned by company insiders.

Institutional Trading of Alliance Laundry

Several institutional investors have recently modified their holdings of the stock. BDT Capital Partners LLC acquired a new stake in Alliance Laundry during the 2nd quarter worth $3,732,734,978. Capital International Investors acquired a new stake in shares of Alliance Laundry in the fourth quarter valued at about $101,498,000. BlackRock Inc. purchased a new position in shares of Alliance Laundry in the second quarter worth about $85,422,000. Norges Bank purchased a new position in shares of Alliance Laundry in the fourth quarter worth about $55,962,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Alliance Laundry during the fourth quarter worth about $41,620,000.

Alliance Laundry Price Performance

NYSE:ALH opened at $21.31 on Thursday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.43 and a quick ratio of 1.14. The company has a 50 day moving average price of $23.54 and a 200-day moving average price of $24.17. Alliance Laundry has a 1-year low of $18.64 and a 1-year high of $28.23. The firm has a market cap of $4.24 billion and a price-to-earnings ratio of 23.42.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $476.75 million for the quarter. Alliance Laundry had a net margin of 10.08% and a return on equity of 81.92%. Equities research analysts forecast that Alliance Laundry will post 1.34 EPS for the current year.

Alliance Laundry Company Profile

Alliance Laundry is a commercial and residential laundry equipment company headquartered in Ripon, Wisconsin. The company designs, manufactures and markets washing machines, dryers and related laundry systems for consumers, laundromats, multifamily housing, hospitality businesses, healthcare facilities, correctional institutions and other commercial customers.

Its portfolio includes equipment and laundry solutions sold under brands such as Speed Queen, UniMac, Huebsch, IPSO and Primus.