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Alamo Group, Inc. (ALG) Receives Average Recommendation of “Hold” from Brokerages

Shares of Alamo Group, Inc. (NYSE:ALG) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. Alamo Group’s rating score has declined by 50% from three months ago as a result of a number of analysts’ ratings changes.

Zacks has also assigned Alamo Group an industry rank of 39 out of 265 based on the ratings given to its competitors.

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ALG has been the subject of several research analyst reports. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.

NYSE:ALG traded up $1.16 on Friday, hitting $114.51. 37,238 shares of the stock were exchanged, compared to its average volume of 56,384. The firm has a market capitalization of $1,314.00, a PE ratio of 24.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.87 and a quick ratio of 2.34. Alamo Group has a fifty-two week low of $71.67 and a fifty-two week high of $120.58.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $243.26 million during the quarter, compared to analyst estimates of $229.40 million. Alamo Group had a return on equity of 12.49% and a net margin of 4.86%. research analysts anticipate that Alamo Group will post 5.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 16th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, April 13th. Alamo Group’s payout ratio is 9.50%.

In other news, VP Dan Edward Malone sold 900 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $114.39, for a total value of $102,951.00. Following the completion of the sale, the vice president now owns 11,150 shares of the company’s stock, valued at $1,275,448.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rick Parod bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was bought at an average cost of $114.68 per share, with a total value of $114,680.00. Following the transaction, the director now directly owns 1,420 shares of the company’s stock, valued at $162,845.60. The disclosure for this purchase can be found here. 3.48% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ALG. BNP Paribas Arbitrage SA boosted its position in shares of Alamo Group by 70.5% in the third quarter. BNP Paribas Arbitrage SA now owns 4,754 shares of the industrial products company’s stock worth $510,000 after buying an additional 1,965 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Alamo Group in the third quarter worth about $111,000. Ameriprise Financial Inc. boosted its position in shares of Alamo Group by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 107,509 shares of the industrial products company’s stock worth $11,545,000 after buying an additional 11,589 shares during the period. Virginia Retirement Systems ET AL purchased a new position in Alamo Group in the third quarter valued at about $344,000. Finally, JPMorgan Chase & Co. boosted its holdings in Alamo Group by 76.3% in the third quarter. JPMorgan Chase & Co. now owns 16,889 shares of the industrial products company’s stock valued at $1,808,000 after purchasing an additional 7,308 shares during the last quarter. 91.45% of the stock is owned by institutional investors.

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About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

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