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

Alamo Group (NYSE:ALG) had its target price decreased by DA Davidson from $219.00 to $217.00 in a research report released on Monday,Benzinga reports. DA Davidson 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 research analysts have also recently commented on the company. Robert W. Baird cut Alamo Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W cut Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, StockNews.com upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

Alamo Group Stock Performance

NYSE ALG opened at $178.33 on Monday. Alamo Group has a 1-year low of $163.74 and a 1-year high of $228.88. The company has a market capitalization of $2.15 billion, a P/E ratio of 17.96 and a beta of 1.10. The business has a 50 day moving average price of $183.16 and a 200 day moving average price of $184.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.16. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The firm had revenue of $385.32 million during the quarter, compared to the consensus estimate of $396.85 million. Sell-side analysts expect that Alamo Group will post 9.53 EPS for the current fiscal year.

Alamo Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were paid a $0.30 dividend. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.67%. Alamo Group’s payout ratio is 12.46%.

Insider Buying and Selling

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 3,360 shares in the company, valued at $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Trading of Alamo Group

Several institutional investors and hedge funds have recently bought and sold shares of ALG. Nisa Investment Advisors LLC raised its stake in Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. JNBA Financial Advisors acquired a new stake in Alamo Group during the third quarter valued at approximately $37,000. Smartleaf Asset Management LLC raised its stake in Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock valued at $38,000 after buying an additional 168 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Alamo Group during the fourth quarter valued at approximately $79,000. Finally, KBC Group NV raised its stake in Alamo Group by 57.1% during the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after buying an additional 189 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.