Alamo Group Inc. (NYSE:ALG - Get Free Report) shares fell 6.7% on Friday . The company traded as low as $172.76 and last traded at $171.97. 57,942 shares traded hands during trading, a decline of 39% from the average session volume of 94,371 shares. The stock had previously closed at $184.26.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Baird R W lowered shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday. Robert W. Baird lowered Alamo Group from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $224.00 to $177.00 in a research report on Friday. DA Davidson dropped their price target on Alamo Group from $219.00 to $217.00 and set a "buy" rating on the stock in a research report on Monday. Finally, StockNews.com raised shares of Alamo Group from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.
View Our Latest Stock Analysis on ALG
Alamo Group Stock Down 0.7 %
The business has a 50 day moving average of $183.63 and a two-hundred day moving average of $184.13. The stock has a market capitalization of $2.11 billion, a PE ratio of 17.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.
Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share 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 net margin of 7.19% and a return on equity of 12.41%. Analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.
Alamo Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, January 16th. This is an increase from Alamo Group's previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. Alamo Group's dividend payout ratio is presently 12.46%.
Insider Transactions at Alamo Group
In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the firm's stock in a transaction dated 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 approximately $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.
Institutional Trading of Alamo Group
Several large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings 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 valued at $32,000 after buying an additional 154 shares during the last quarter. JNBA Financial Advisors acquired a new position in shares of Alamo Group in the third quarter valued at about $37,000. Smartleaf Asset Management LLC raised its stake in shares of Alamo Group by 442.1% in the fourth 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 stake in shares of Alamo Group during the fourth quarter worth about $79,000. Finally, KBC Group NV boosted its position in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.
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.
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