Alamo Group, Inc. (NYSE:ALG) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also assigned Alamo Group an industry rank of 236 out of 255 based on the ratings given to its competitors.
Alamo Group stock traded up $0.72 during mid-day trading on Tuesday, hitting $99.41. The company had a trading volume of 52,100 shares, compared to its average volume of 70,552. The company has a current ratio of 4.49, a quick ratio of 2.74 and a debt-to-equity ratio of 0.17. Alamo Group has a 12 month low of $72.50 and a 12 month high of $119.16. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 17.08 and a beta of 0.86.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, April 15th.
In other Alamo Group news, CFO Dan Edward Malone sold 650 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $98.48, for a total value of $64,012.00. Following the transaction, the chief financial officer now owns 15,875 shares of the company’s stock, valued at $1,563,370. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David W. Grzelak sold 8,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $97.82, for a total value of $782,560.00. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Huntington National Bank bought a new position in Alamo Group in the first quarter valued at about $26,000. Oppenheimer Asset Management Inc. purchased a new stake in Alamo Group in the fourth quarter worth about $43,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Alamo Group in the third quarter worth about $210,000. Metropolitan Life Insurance Co. NY increased its position in Alamo Group by 348.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,963 shares of the industrial products company’s stock worth $229,000 after buying an additional 2,303 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in Alamo Group in the fourth quarter worth about $232,000. 92.43% of the stock is currently owned by institutional investors.
About Alamo Group
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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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