FY2025 EPS Estimates for Alamo Group Cut by DA Davidson

Alamo Group Inc. (NYSE:ALG - Free Report) - Investment analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for Alamo Group in a report released on Tuesday, November 5th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will earn $11.27 per share for the year, down from their previous forecast of $12.64. DA Davidson currently has a "Buy" rating and a $219.00 target price on the stock. The consensus estimate for Alamo Group's current full-year earnings is $10.23 per share.

Other research analysts have also recently issued reports about the company. Robert W. Baird increased their price target on Alamo Group from $204.00 to $205.00 and gave the company an "outperform" rating in a research report on Monday. StockNews.com cut Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th.

Alamo Group Stock Up 0.1 %

NYSE ALG traded up $0.17 during trading hours on Thursday, hitting $197.06. 36,621 shares of the company traded hands, compared to its average volume of 75,588. The business's 50-day moving average is $177.57 and its 200-day moving average is $181.60. Alamo Group has a twelve month low of $163.74 and a twelve month high of $231.40. 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 stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.83 and a beta of 1.08.

Hedge Funds Weigh In On Alamo Group

A number of large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in 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 buying an additional 154 shares in the last quarter. JNBA Financial Advisors bought a new position in Alamo Group in the 3rd quarter valued at approximately $37,000. First Horizon Advisors Inc. raised its holdings in Alamo Group by 174.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company's stock valued at $43,000 after buying an additional 159 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Alamo Group in the 2nd quarter valued at approximately $48,000. Finally, Quarry LP acquired a new position in shares of Alamo Group in the second quarter worth approximately $48,000. Institutional investors own 92.36% of the company's stock.

Insider Buying and Selling at Alamo Group

In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the sale, the executive vice president now owns 7,765 shares in the company, valued at $1,384,421.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Edward Rizzuti sold 322 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $178.29, for a total transaction of $57,409.38. Following the transaction, the executive vice president now owns 7,765 shares in the company, valued at approximately $1,384,421.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Hodges Raborn sold 300 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 annualized dividend and a yield of 0.53%. Alamo Group's dividend payout ratio is 10.47%.

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.