Key Points
- CEO Robert Paul Hureau bought 304 shares on Nov. 26 at an average $163.48 ($49,697.92), bringing his direct stake to 12,046 shares (a 2.59% increase) — part of three November insider purchases totaling 1,058 shares.
- Alamo Group reported quarterly EPS of $2.34 (missing the $2.61 estimate) while revenue of $420.04M beat expectations; the company pays a $0.30 quarterly dividend (annualized $1.20, 0.7% yield) and holds a consensus Hold rating with an average $222.33 price target.
Alamo Group, Inc. (NYSE:ALG - Get Free Report) CEO Robert Paul Hureau acquired 304 shares of Alamo Group stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $163.48 per share, for a total transaction of $49,697.92. Following the purchase, the chief executive officer directly owned 12,046 shares in the company, valued at $1,969,280.08. The trade was a 2.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Robert Paul Hureau also recently made the following trade(s):
- On Friday, November 14th, Robert Paul Hureau acquired 154 shares of Alamo Group stock. The shares were purchased at an average price of $161.36 per share, with a total value of $24,849.44.
- On Thursday, November 13th, Robert Paul Hureau bought 600 shares of Alamo Group stock. The stock was purchased at an average price of $167.77 per share, for a total transaction of $100,662.00.
Alamo Group Trading Up 1.7%
Shares of NYSE ALG opened at $163.04 on Tuesday. Alamo Group, Inc. has a twelve month low of $156.29 and a twelve month high of $233.29. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 0.94 and a beta of 1.13. The company has a quick ratio of 2.76, a current ratio of 4.56 and a debt-to-equity ratio of 0.18. The company's fifty day moving average is $177.52 and its 200-day moving average is $201.18.
Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $420.04 million for the quarter, compared to analyst estimates of $407.55 million. Alamo Group had a return on equity of 11.45% and a net margin of 7.41%. Equities research analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current year.
Alamo Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, October 15th. Alamo Group's payout ratio is 12.45%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on ALG shares. Baird R W upgraded Alamo Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 4th. Zacks Research cut shares of Alamo Group from a "hold" rating to a "strong sell" rating in a report on Thursday, November 13th. DA Davidson dropped their price objective on shares of Alamo Group from $225.00 to $190.00 and set a "neutral" rating on the stock in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Robert W. Baird upgraded Alamo Group from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $209.00 to $260.00 in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Alamo Group presently has a consensus rating of "Hold" and an average price target of $222.33.
Check Out Our Latest Stock Report on Alamo Group
Institutional Trading of Alamo Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in ALG. Vanguard Group Inc. lifted its stake in Alamo Group by 1.2% in the third quarter. Vanguard Group Inc. now owns 785,735 shares of the industrial products company's stock valued at $149,997,000 after acquiring an additional 9,571 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Alamo Group by 22.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 400,860 shares of the industrial products company's stock valued at $71,437,000 after purchasing an additional 74,679 shares during the period. First Trust Advisors LP lifted its stake in Alamo Group by 2.4% in the 3rd quarter. First Trust Advisors LP now owns 393,487 shares of the industrial products company's stock valued at $75,117,000 after purchasing an additional 9,297 shares during the last quarter. Wasatch Advisors LP grew its holdings in Alamo Group by 38.5% during the third quarter. Wasatch Advisors LP now owns 326,051 shares of the industrial products company's stock worth $62,243,000 after purchasing an additional 90,556 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Alamo Group by 2.1% during the second quarter. Geode Capital Management LLC now owns 243,470 shares of the industrial products company's stock worth $53,176,000 after purchasing an additional 4,927 shares during the period. 92.36% of the stock is owned by institutional investors.
Alamo Group Company Profile
(
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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