Alamo Group, Inc. (NYSE:ALG) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Alamo Group an industry rank of 224 out of 255 based on the ratings given to related companies.
NYSE ALG opened at $98.97 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.74 and a current ratio of 4.49. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 16.81 and a beta of 0.86. Alamo Group has a 1-year low of $72.50 and a 1-year high of $119.16.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, April 15th.
In other Alamo Group news, Director David W. Grzelak sold 8,000 shares of Alamo Group stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $97.82, for a total transaction of $782,560.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Rick Parod acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $98.13 per share, for a total transaction of $98,130.00. Following the completion of the acquisition, the director now directly owns 2,696 shares of the company’s stock, valued at approximately $264,558.48. The disclosure for this purchase can be found here. 3.29% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank acquired a new position in shares of Alamo Group in the 1st quarter worth approximately $26,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Alamo Group in the 4th quarter worth approximately $43,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Alamo Group in the 3rd quarter worth approximately $210,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Alamo Group by 348.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,963 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 2,303 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new position in shares of Alamo Group in the 4th quarter worth approximately $232,000. 92.43% of the stock is currently owned by institutional investors.
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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