Key Points
- CEO Robert Paul Hureau purchased 460 shares on March 9 at an average price of $164.40 (total $75,624), raising his stake 3.82% to 12,506 shares—disclosed in an SEC filing.
- Alamo missed quarterly expectations, reporting EPS of $1.70 vs. the $2.06 consensus and revenue of $373.7M vs. $405.2M, while analyst ratings remain mixed with a consensus "Hold."
- Dividend was increased to $0.34 quarterly (annualized $1.36, ~0.8% yield), and institutional ownership is high (~92%), with large firms like T. Rowe Price and Invesco recently boosting positions.
Alamo Group, Inc. (NYSE:ALG - Get Free Report) CEO Robert Paul Hureau purchased 460 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of $164.40 per share, with a total value of $75,624.00. Following the completion of the purchase, the chief executive officer owned 12,506 shares of the company's stock, valued at $2,055,986.40. The trade was a 3.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Alamo Group Stock Performance
Shares of ALG traded down $3.62 during midday trading on Thursday, reaching $172.30. 72,039 shares of the stock were exchanged, compared to its average volume of 127,744. The company has a market cap of $2.09 billion, a P/E ratio of 20.06, a PEG ratio of 1.06 and a beta of 1.11. The company has a quick ratio of 2.82, a current ratio of 4.57 and a debt-to-equity ratio of 0.17. The stock's 50 day simple moving average is $194.83 and its 200 day simple moving average is $187.11. Alamo Group, Inc. has a twelve month low of $156.29 and a twelve month high of $233.29.
Alamo Group (NYSE:ALG - Get Free Report) last issued its earnings results on Monday, March 2nd. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.36). The company had revenue of $373.65 million for the quarter, compared to the consensus estimate of $405.18 million. Alamo Group had a return on equity of 10.04% and a net margin of 6.47%. On average, sell-side analysts expect that Alamo Group, Inc. will post 9.53 earnings per share for the current year.
Alamo Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were given a dividend of $0.34 per share. This is a boost from Alamo Group's previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, January 16th. Alamo Group's dividend payout ratio is presently 15.83%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ALG. CJS Securities raised shares of Alamo Group to a "strong-buy" rating in a research note on Thursday, December 11th. DA Davidson restated a "neutral" rating and set a $190.00 target price on shares of Alamo Group in a research report on Monday. Weiss Ratings restated a "hold (c)" rating on shares of Alamo Group in a research note on Monday, December 29th. Finally, Zacks Research cut Alamo Group from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $225.00.
View Our Latest Stock Report on ALG
Institutional Investors Weigh In On Alamo Group
Institutional investors and hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its holdings in Alamo Group by 72.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 230,180 shares of the industrial products company's stock valued at $38,641,000 after buying an additional 96,369 shares during the period. Invesco Ltd. raised its stake in shares of Alamo Group by 38.0% in the 4th quarter. Invesco Ltd. now owns 130,632 shares of the industrial products company's stock valued at $21,929,000 after acquiring an additional 35,974 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Alamo Group during the fourth quarter worth about $367,000. Mackenzie Financial Corp purchased a new position in Alamo Group in the 4th quarter worth approximately $247,000. Finally, Empowered Funds LLC grew its holdings in Alamo Group by 23.5% during the 4th quarter. Empowered Funds LLC now owns 2,451 shares of the industrial products company's stock valued at $411,000 after purchasing an additional 467 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.
Alamo Group Company Profile
(
Get Free Report)
Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.
The company operates through two primary segments: Agricultural and Industrial.
Further Reading
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