FY2025 EPS Estimate for Alamo Group Decreased by Analyst

Alamo Group Inc. (NYSE:ALG) – Investment analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Alamo Group in a report issued on Tuesday, November 5th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will earn $11.27 per share for the year, down from their prior forecast of $12.64. DA Davidson has a “Buy” rating and a $219.00 price target on the stock. The consensus estimate for Alamo Group’s current full-year earnings is $10.23 per share.

A number of other equities research analysts have also commented on ALG. StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Robert W. Baird upped their target price on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday.

Alamo Group Price Performance

Shares of NYSE ALG opened at $196.89 on Thursday. The business’s 50 day moving average price is $177.57 and its 200 day moving average price is $181.60. The firm has a market cap of $2.37 billion, a P/E ratio of 19.83 and a beta of 1.08. Alamo Group has a 52 week low of $163.74 and a 52 week high of $231.40. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s payout ratio is presently 10.47%.

Insider Buying and Selling at Alamo Group

In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the transaction, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at approximately $1,384,421.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the transaction, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at approximately $1,384,421.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard Hodges Raborn sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now directly owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ALG. BNP Paribas Financial Markets raised its stake in shares of Alamo Group by 9.4% during the 1st quarter. BNP Paribas Financial Markets now owns 9,016 shares of the industrial products company’s stock worth $2,059,000 after buying an additional 774 shares during the period. Texas Permanent School Fund Corp raised its stake in Alamo Group by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 9,041 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 117 shares during the last quarter. Tectonic Advisors LLC acquired a new position in Alamo Group in the 1st quarter valued at $454,000. Susquehanna Fundamental Investments LLC acquired a new position in Alamo Group in the 1st quarter valued at $1,590,000. Finally, Sei Investments Co. raised its stake in Alamo Group by 7.6% in the 1st quarter. Sei Investments Co. now owns 12,300 shares of the industrial products company’s stock valued at $2,808,000 after purchasing an additional 873 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.