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.
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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