Alamo Group (NYSE:ALG) Given New $195.00 Price Target at DA Davidson

Alamo Group (NYSE:ALG - Get Free Report) had its target price cut by equities research analysts at DA Davidson from $217.00 to $195.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. DA Davidson's price target points to a potential upside of 16.49% from the company's previous close.

A number of other equities analysts also recently commented on ALG. Robert W. Baird downgraded shares of Alamo Group from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a report on Monday, March 3rd. Finally, StockNews.com downgraded Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th.

Alamo Group Trading Up 0.3 %

Shares of ALG opened at $167.40 on Monday. The stock's 50-day moving average price is $179.57 and its 200 day moving average price is $183.74. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 16.86 and a beta of 1.00. Alamo Group has a 12-month low of $157.07 and a 12-month high of $208.66.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.16. The business had revenue of $385.32 million for the quarter, compared to analysts' expectations of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. As a group, research analysts predict that Alamo Group will post 9.53 earnings per share for the current year.

Institutional Investors Weigh In On Alamo Group

Several institutional investors have recently modified their holdings of ALG. Parallel Advisors LLC boosted its position in shares of Alamo Group by 80.0% in the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock worth $29,000 after purchasing an additional 72 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after buying an additional 168 shares during the period. GAMMA Investing LLC boosted its holdings in Alamo Group by 110.6% during the first quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock worth $42,000 after buying an additional 125 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Alamo Group during the 4th quarter worth about $79,000. Finally, KBC Group NV increased its stake in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor - and off-road chassis 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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