Shares of Alamo Group Inc. (NYSE:ALG) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Alamo Group’s rating score has improved by 25.1% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 1-year consensus target price of $65.00 for the company and are expecting that the company will post $1.26 earnings per share for the current quarter, according to Zacks. Zacks has also given Alamo Group an industry rank of 223 out of 265 based on the ratings given to related companies.
ALG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Alamo Group from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Piper Jaffray Cos. restated an “overweight” rating and set a $70.00 target price (up previously from $68.00) on shares of Alamo Group in a research report on Wednesday, August 10th.
Alamo Group (NYSE:ALG) opened at 64.57 on Tuesday. The stock has a market capitalization of $742.43 million, a price-to-earnings ratio of 16.40 and a beta of 0.97. Alamo Group has a 1-year low of $43.98 and a 1-year high of $68.04. The firm has a 50-day moving average of $64.72 and a 200-day moving average of $61.32.
Alamo Group (NYSE:ALG) last announced its earnings results on Thursday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by $0.09. Alamo Group had a return on equity of 12.34% and a net margin of 5.16%. The firm had revenue of $211.50 million for the quarter, compared to analyst estimates of $219.74 million. Equities research analysts anticipate that Alamo Group will post $3.82 EPS for the current year.
In other Alamo Group news, VP Geoff Davies sold 5,000 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $65.87, for a total transaction of $329,350.00. Following the transaction, the vice president now owns 17,500 shares of the company’s stock, valued at $1,152,725. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Richard J. Wehrle sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $63.59, for a total transaction of $158,975.00. Following the transaction, the vice president now directly owns 11,649 shares in the company, valued at approximately $740,759.91. The disclosure for this sale can be found here. Company insiders own 3.63% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in Alamo Group during the second quarter worth $108,000. Mason Street Advisors LLC bought a new position in Alamo Group during the second quarter worth $121,000. BNP Paribas Arbitrage SA bought a new position in Alamo Group during the second quarter worth $193,000. Commerce Bank bought a new position in Alamo Group during the second quarter worth $201,000. Finally, UBS Asset Management Americas Inc. bought a new position in Alamo Group during the second quarter worth $237,000. 92.77% of the stock is currently owned by institutional investors.
Alamo Group Company Profile
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. Its products include tractor-mounted mowing and other vegetation maintenance equipment, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services.
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