Alamo Group (NYSE:ALG) Hits New 1-Year Low - What's Next?

Shares of Alamo Group Inc. (NYSE:ALG - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $160.00 and last traded at $161.40, with a volume of 1549 shares. The stock had previously closed at $165.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALG. Industrial Alliance Securities set a $217.00 target price on Alamo Group in a research note on Monday, March 3rd. Robert W. Baird downgraded shares of Alamo Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $224.00 to $177.00 in a report on Friday, February 28th. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. DA Davidson cut their price target on Alamo Group from $219.00 to $217.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th.

Alamo Group Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 17.19 and a beta of 1.00. The business has a fifty day simple moving average of $181.20 and a 200-day simple moving average of $184.02.

Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.16. The firm had revenue of $385.32 million for the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. As a group, equities analysts forecast that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. Alamo Group's dividend payout ratio (DPR) is presently 12.46%.

Hedge Funds Weigh In On Alamo Group

A number of hedge funds have recently made changes to their positions in ALG. Vest Financial LLC bought a new position in Alamo Group during the 1st quarter worth approximately $2,427,000. Heritage Family Offices LLP raised its stake in Alamo Group by 8.3% during the first quarter. Heritage Family Offices LLP now owns 1,358 shares of the industrial products company's stock worth $242,000 after buying an additional 104 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Alamo Group by 80.0% in the first quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock valued at $29,000 after buying an additional 72 shares during the period. GAMMA Investing LLC lifted its holdings in Alamo Group by 37,434.5% in the first quarter. GAMMA Investing LLC now owns 42,414 shares of the industrial products company's stock valued at $7,559,000 after buying an additional 42,301 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Alamo Group during the fourth quarter valued at $6,581,000. 92.36% of the stock is currently owned by institutional investors.

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.