Key Points
- CEO Robert Paul Hureau bought 600 shares of Alamo Group on Nov. 13 at an average price of $167.77 (total $100,662), boosting his holdings to 11,588 shares (a 5.46% increase); he also purchased 154 shares on Nov. 14 at $161.36.
- Alamo reported quarterly EPS of $2.34 (missing the $2.61 estimate) but revenue beat at $420.04 million; the company pays a $0.30 quarterly dividend (annualized $1.20, ~0.7% yield) and the stock carries a market cap of $1.97 billion and a P/E of 16.55 with an average analyst rating of "Hold" and a $222.33 price target.
Alamo Group, Inc. (NYSE:ALG - Get Free Report) CEO Robert Paul Hureau purchased 154 shares of the firm's stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average cost of $161.36 per share, for a total transaction of $24,849.44. Following the completion of the purchase, the chief executive officer directly owned 11,742 shares in the company, valued at $1,894,689.12. This represents a 1.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Robert Paul Hureau also recently made the following trade(s):
- On Thursday, November 13th, Robert Paul Hureau acquired 600 shares of Alamo Group stock. The shares were purchased at an average price of $167.77 per share, with a total value of $100,662.00.
Alamo Group Price Performance
Shares of Alamo Group stock opened at $162.53 on Tuesday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 16.55, a PEG ratio of 0.94 and a beta of 1.13. The business has a 50 day simple moving average of $186.18 and a two-hundred day simple moving average of $202.99. Alamo Group, Inc. has a 12 month low of $157.07 and a 12 month high of $233.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.56 and a quick ratio of 2.76.
Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.61 by ($0.27). The firm had revenue of $420.04 million for the quarter, compared to analysts' expectations of $407.55 million. Alamo Group had a return on equity of 11.45% and a net margin of 7.41%. As a group, analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.
Alamo Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Wednesday, October 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 15th. Alamo Group's dividend payout ratio (DPR) is currently 12.45%.
Hedge Funds Weigh In On Alamo Group
Hedge funds have recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of Alamo Group during the first quarter valued at about $8,361,000. State of Alaska Department of Revenue boosted its position in shares of Alamo Group by 7.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the industrial products company's stock worth $1,350,000 after purchasing an additional 441 shares during the period. Pacer Advisors Inc. acquired a new stake in Alamo Group in the 1st quarter valued at approximately $12,920,000. Jump Financial LLC raised its position in Alamo Group by 44.5% in the first quarter. Jump Financial LLC now owns 8,419 shares of the industrial products company's stock valued at $1,500,000 after purchasing an additional 2,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Alamo Group by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 146,724 shares of the industrial products company's stock worth $26,148,000 after purchasing an additional 5,679 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on ALG. Baird R W raised shares of Alamo Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Zacks Research cut Alamo Group from a "hold" rating to a "strong sell" rating in a report on Thursday, November 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of Alamo Group in a research note on Thursday. Wall Street Zen downgraded Alamo Group from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, DA Davidson reduced their price target on Alamo Group from $225.00 to $190.00 and set a "neutral" rating on the stock in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Alamo Group has a consensus rating of "Hold" and a consensus price target of $222.33.
Check Out Our Latest Analysis on ALG
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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