Alamo Group (NYSE:ALG - Get Free Report) was downgraded by equities research analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating in a note issued to investors on Friday, Marketbeat.com reports. They presently have a $177.00 target price on the industrial products company's stock, down from their previous target price of $224.00. Robert W. Baird's target price points to a potential upside of 1.30% from the stock's previous close.
Separately, StockNews.com raised Alamo Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Analysis on Alamo Group
Alamo Group Stock Down 0.7 %
Shares of ALG stock traded down $1.29 on Friday, hitting $174.74. The stock had a trading volume of 151,933 shares, compared to its average volume of 104,365. Alamo Group has a one year low of $163.74 and a one year high of $228.88. The business has a 50 day moving average price of $183.63 and a 200 day moving average price of $184.13. The company has a market cap of $2.11 billion, a PE ratio of 17.60 and a beta of 1.10. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.
Alamo Group (NYSE:ALG - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The business had revenue of $385.32 million during the quarter, compared to analyst estimates of $396.85 million. Research analysts anticipate that Alamo Group will post 9.53 earnings per share for the current fiscal year.
Insider Transactions at Alamo Group
In other news, VP Janet S. Pollock sold 257 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the sale, the vice president now owns 3,360 shares of the company's stock, valued at $649,857.60. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in shares of Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company's stock worth $32,000 after acquiring an additional 154 shares during the last quarter. JNBA Financial Advisors acquired a new stake in Alamo Group in the 3rd quarter worth approximately $37,000. Smartleaf Asset Management LLC grew its position in Alamo Group by 442.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock worth $38,000 after purchasing an additional 168 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Alamo Group during the 4th quarter valued at approximately $79,000. Finally, KBC Group NV increased its stake in Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 189 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.
About Alamo Group
(
Get Free Report)
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.
Recommended Stories
Before you consider Alamo Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alamo Group wasn't on the list.
While Alamo Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
