Zacks: Alamo Group, Inc. (ALG) Receives Consensus Recommendation of “Hold” from Analysts

Alamo Group, Inc. (NYSE:ALG) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Alamo Group’s rating score has declined by 50% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a one year consensus target price of $115.00 for the company and are anticipating that the company will post $0.98 earnings per share for the current quarter, according to Zacks. Zacks has also given Alamo Group an industry rank of 103 out of 265 based on the ratings given to related companies.

Several analysts have weighed in on ALG shares. Zacks Investment Research cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. ValuEngine upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

A number of hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its holdings in Alamo Group by 59.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,122 shares of the industrial products company’s stock valued at $352,000 after buying an additional 1,166 shares during the period. Algert Global LLC bought a new position in Alamo Group in the 4th quarter valued at about $1,130,000. Chicago Equity Partners LLC increased its holdings in Alamo Group by 130.7% in the 4th quarter. Chicago Equity Partners LLC now owns 43,650 shares of the industrial products company’s stock valued at $4,927,000 after buying an additional 24,730 shares during the period. Assenagon Asset Management S.A. bought a new position in Alamo Group in the 4th quarter valued at about $2,749,000. Finally, Acadian Asset Management LLC bought a new position in Alamo Group in the 4th quarter valued at about $1,421,000. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alamo Group (NYSE:ALG) traded up $0.27 during trading on Thursday, reaching $110.87. 71,534 shares of the company’s stock traded hands, compared to its average volume of 58,413. Alamo Group has a twelve month low of $70.53 and a twelve month high of $120.58. The company has a quick ratio of 2.85, a current ratio of 4.48 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1,297.83, a PE ratio of 26.52 and a beta of 0.93.

The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were issued a $0.11 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Friday, January 12th. Alamo Group’s dividend payout ratio (DPR) is currently 10.55%.

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Alamo Group Company Profile

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

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