Alamo Group, Inc. (NYSE:ALG) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Alamo Group an industry rank of 179 out of 256 based on the ratings given to related companies.
Shares of NYSE ALG traded down $1.86 during midday trading on Thursday, reaching $94.93. 78,860 shares of the stock were exchanged, compared to its average volume of 76,041. Alamo Group has a twelve month low of $72.50 and a twelve month high of $106.19. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.30 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.63 and a quick ratio of 2.79.
Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.08). The firm had revenue of $261.93 million during the quarter. Alamo Group had a net margin of 7.18% and a return on equity of 13.97%.
In other Alamo Group news, CEO Ronald A. Robinson sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $104.01, for a total value of $832,080.00. Following the completion of the sale, the chief executive officer now directly owns 248,260 shares of the company’s stock, valued at approximately $25,821,522.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Hodges Raborn sold 569 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $95.43, for a total value of $54,299.67. Following the completion of the sale, the executive vice president now directly owns 7,403 shares of the company’s stock, valued at $706,468.29. The disclosure for this sale can be found here. Insiders sold a total of 34,469 shares of company stock worth $3,446,957 in the last 90 days. 3.29% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in shares of Alamo Group by 408.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 197,492 shares of the industrial products company’s stock valued at $19,737,000 after buying an additional 158,679 shares during the period. Tygh Capital Management Inc. purchased a new position in shares of Alamo Group in the 1st quarter valued at about $6,000,000. Walthausen & Co. LLC boosted its stake in shares of Alamo Group by 127.0% in the 1st quarter. Walthausen & Co. LLC now owns 87,065 shares of the industrial products company’s stock valued at $8,701,000 after buying an additional 48,715 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Alamo Group in the 1st quarter valued at about $3,948,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Alamo Group by 5.3% in the 4th quarter. Victory Capital Management Inc. now owns 770,068 shares of the industrial products company’s stock valued at $59,542,000 after buying an additional 38,494 shares during the period. 94.71% of the stock is owned by institutional investors and hedge funds.
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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