DA Davidson Cuts Alamo Group (NYSE:ALG) Price Target to $217.00

Alamo Group (NYSE:ALG) had its price target trimmed by DA Davidson from $219.00 to $217.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock. DA Davidson also issued estimates for Alamo Group’s Q1 2025 earnings at $2.70 EPS, FY2025 earnings at $10.94 EPS and FY2026 earnings at $12.52 EPS.

A number of other equities analysts have also issued reports on ALG. Robert W. Baird lowered Alamo Group from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W lowered Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, StockNews.com raised Alamo Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

Alamo Group Stock Up 2.0 %

NYSE:ALG opened at $178.33 on Monday. The firm has a market capitalization of $2.15 billion, a PE ratio of 17.96 and a beta of 1.10. The stock has a 50 day moving average of $183.16 and a 200-day moving average of $184.07. Alamo Group has a 52 week low of $163.74 and a 52 week high of $228.88. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21.

Alamo Group (NYSE:ALG) last posted its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.23 by $0.16. The company had revenue of $385.32 million during the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. Analysts predict that Alamo Group will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.30 per share. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Thursday, January 16th. Alamo Group’s dividend payout ratio (DPR) is presently 12.46%.

Insider Buying and Selling at Alamo Group

In other news, VP Janet S. Pollock sold 257 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the sale, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This represents a 7.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alamo Group

A number of institutional investors and hedge funds have recently modified their holdings of ALG. Public Employees Retirement System of Ohio purchased a new stake in shares of Alamo Group in the fourth quarter valued at $6,581,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alamo Group by 22.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,100 shares of the industrial products company’s stock valued at $5,968,000 after purchasing an additional 5,850 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of Alamo Group in the fourth quarter valued at $16,971,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Alamo Group in the fourth quarter valued at $226,000. Finally, Millennium Management LLC lifted its holdings in shares of Alamo Group by 19.4% in the fourth quarter. Millennium Management LLC now owns 24,024 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 3,904 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

About Alamo Group

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.