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NYSE:ALG

Alamo Group (ALG) Stock Price, News & Analysis

$172.30
-3.21 (-1.83%)
(As of 10/8/2024 ET)

About Alamo Group Stock (NYSE:ALG)

Key Stats

Today's Range
$171.03
$174.29
50-Day Range
$169.28
$192.72
52-Week Range
$157.74
$231.40
Volume
60,668 shs
Average Volume
73,865 shs
Market Capitalization
$2.08 billion
P/E Ratio
15.33
Dividend Yield
0.60%
Price Target
$218.00
Consensus Rating
Buy

Company Overview

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. This segment also provides rotary and finishing mowers, flail and disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts, zero turn radius mowers, cutting parts, plain and hard-faced replacement tillage tools, disc blades, and fertilizer application components; aftermarket agricultural parts, heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment, tractor attachments, agricultural implements, hydraulic and boom-mounted hedge and grass cutters, hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators, self-propelled sprayers and multi-drive load-carrying vehicles, and cutting blades. The company's Industrial Equipment Division segment offers truck-mounted air vacuum, mechanical broom, and regenerative air sweepers, pothole patchers, leaf collection equipment and replacement brooms, parking lot and street sweepers, excavators, catch basin cleaners, and roadway debris vacuum systems, as well as truck-mounted vacuum machines, combination sewer cleaners, and hydro excavators. This segment also offers ice control products, snowplows and heavy duty snow removal equipment, hitches, attachments, and graders; and public works and runway maintenance products, parts, and services, and high pressure cleaning systems and trenchers. The company was founded in 1955 and is headquartered in Seguin, Texas.

Alamo Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
86th Percentile Overall Score

ALG MarketRank™: 

Alamo Group scored higher than 86% of companies evaluated by MarketBeat, and ranked 78th out of 172 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Alamo Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Alamo Group has only been the subject of 2 research reports in the past 90 days.

  • Read more about Alamo Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Alamo Group are expected to grow by 23.56% in the coming year, from $10.23 to $12.64 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Alamo Group is 15.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Alamo Group is 15.33, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.38.

  • Price to Book Value per Share Ratio

    Alamo Group has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Alamo Group's valuation and earnings.
  • Percentage of Shares Shorted

    3.15% of the float of Alamo Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Alamo Group has a short interest ratio ("days to cover") of 4.6.
  • Change versus previous month

    Short interest in Alamo Group has recently increased by 12.48%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Alamo Group has a dividend yield of 0.60%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Alamo Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Alamo Group is 9.25%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Alamo Group will have a dividend payout ratio of 8.23% next year. This indicates that Alamo Group will be able to sustain or increase its dividend.

  • Read more about Alamo Group's dividend.
  • Percentage of Shares Shorted

    3.15% of the float of Alamo Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Alamo Group has a short interest ratio ("days to cover") of 4.6.
  • Change versus previous month

    Short interest in Alamo Group has recently increased by 12.48%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Alamo Group has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Alamo Group this week, compared to 3 articles on an average week.
  • Search Interest

    Only 1 people have searched for ALG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Alamo Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $111,793.00 in company stock.

  • Percentage Held by Insiders

    Only 1.40% of the stock of Alamo Group is held by insiders.

  • Percentage Held by Institutions

    92.36% of the stock of Alamo Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Alamo Group's insider trading history.
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ALG Stock News Headlines

Alamo Group Inc. (NYSE:ALG) Plans Quarterly Dividend of $0.26
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Short Interest in Alamo Group Inc. (NYSE:ALG) Rises By 12.5%
See More Headlines

ALG Stock Analysis - Frequently Asked Questions

Alamo Group's stock was trading at $210.19 at the beginning of 2024. Since then, ALG stock has decreased by 18.0% and is now trading at $172.30.
View the best growth stocks for 2024 here
.

Alamo Group Inc. (NYSE:ALG) released its earnings results on Wednesday, July, 31st. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.79 by $0.44. The industrial products company had revenue of $416.30 million for the quarter. Alamo Group had a net margin of 7.56% and a trailing twelve-month return on equity of 13.51%.

Top institutional shareholders of Alamo Group include Handelsbanken Fonder AB (0.67%) and Azzad Asset Management Inc. ADV (0.03%). Insiders that own company stock include Jeffery Allen Leonard, Richard J Wehrle, Michael A Haberman, Richard Hodges Raborn, Edward Rizzuti, Robert P Bauer, Dan Edward Malone, Janet S Pollock and Ronald A Robinson.
View institutional ownership trends
.

Shares of ALG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Alamo Group investors own include Pfizer (PFE), General Motors (GM), AT&T (T), Eastman Chemical (EMN), Altria Group (MO), Advance Auto Parts (AAP) and AbbVie (ABBV).

Company Calendar

Ex-Dividend for 7/29 Dividend
7/16/2024
Dividend Payable
7/29/2024
Last Earnings
7/31/2024
Today
10/08/2024
Ex-Dividend for 10/28 Dividend
10/15/2024
Dividend Payable
10/28/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
01131110
Employees
4,350
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$218.00
High Stock Price Target
$219.00
Low Stock Price Target
$217.00
Potential Upside/Downside
+25.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$136.16 million
Pretax Margin
9.72%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Cash Flow
$14.81 per share
Book Value
$77.65 per share

Miscellaneous

Free Float
11,884,000
Market Cap
$2.09 billion
Optionable
Optionable
Beta
1.06
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This page (NYSE:ALG) was last updated on 10/8/2024 by MarketBeat.com Staff
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