Alamo Group, Inc. (ALG) Receives Average Rating of “Strong Buy” from Analysts

Alamo Group, Inc. (NYSE:ALG) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Zacks has also assigned Alamo Group an industry rank of 212 out of 256 based on the ratings given to its competitors.

In related news, CEO Ronald A. Robinson sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $104.01, for a total transaction of $832,080.00. Following the completion of the transaction, the chief executive officer now owns 248,260 shares of the company’s stock, valued at $25,821,522.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Hodges Raborn sold 569 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $95.43, for a total value of $54,299.67. Following the transaction, the executive vice president now directly owns 7,403 shares of the company’s stock, valued at approximately $706,468.29. The disclosure for this sale can be found here. Insiders have sold 33,819 shares of company stock valued at $3,382,945 in the last ninety days. Company insiders own 3.29% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in shares of Alamo Group during the first quarter valued at $970,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Alamo Group by 34.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 16,530 shares of the industrial products company’s stock valued at $1,652,000 after purchasing an additional 4,260 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in shares of Alamo Group during the first quarter valued at $30,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Alamo Group during the first quarter valued at $55,000. Finally, SEI Investments Co purchased a new stake in shares of Alamo Group during the first quarter valued at $129,000. 94.71% of the stock is owned by institutional investors and hedge funds.

ALG traded down $0.18 during trading on Thursday, reaching $98.43. 52,700 shares of the company were exchanged, compared to its average volume of 71,569. Alamo Group has a 52 week low of $72.50 and a 52 week high of $106.19. The company has a market cap of $1.15 billion, a P/E ratio of 16.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.63 and a quick ratio of 2.79.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.08). Alamo Group had a return on equity of 13.97% and a net margin of 7.18%. The business had revenue of $261.93 million during the quarter.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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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