Alamo Group (NYSE:ALG) Stock Rating Lowered by StockNews.com

Alamo Group (NYSE:ALG) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, DA Davidson lifted their price objective on shares of Alamo Group from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.

Alamo Group Stock Down 1.0 %

Shares of ALG stock traded down $2.25 on Tuesday, hitting $212.90. The company’s stock had a trading volume of 46,025 shares, compared to its average volume of 69,892. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.76 and a quick ratio of 1.99. Alamo Group has a fifty-two week low of $157.74 and a fifty-two week high of $231.40. The firm’s fifty day moving average price is $212.48 and its 200-day moving average price is $198.17. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 18.74 and a beta of 1.04.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.22). Alamo Group had a net margin of 8.06% and a return on equity of 15.52%. The business had revenue of $417.54 million during the quarter. Research analysts anticipate that Alamo Group will post 13.17 EPS for the current year.

Insider Buying and Selling

In related news, EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the transaction, the executive vice president now owns 19,206 shares in the company, valued at approximately $4,299,647.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aviva PLC bought a new position in shares of Alamo Group during the 3rd quarter worth about $604,000. GSA Capital Partners LLP increased its stake in Alamo Group by 382.0% in the third quarter. GSA Capital Partners LLP now owns 12,171 shares of the industrial products company’s stock valued at $2,104,000 after acquiring an additional 9,646 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Alamo Group by 2.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 253,338 shares of the industrial products company’s stock valued at $43,792,000 after acquiring an additional 6,215 shares during the period. Strs Ohio increased its stake in Alamo Group by 12.9% in the third quarter. Strs Ohio now owns 46,400 shares of the industrial products company’s stock valued at $8,020,000 after acquiring an additional 5,300 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in Alamo Group by 10.2% in the third quarter. Panagora Asset Management Inc. now owns 10,353 shares of the industrial products company’s stock valued at $1,790,000 after acquiring an additional 956 shares during the period. Institutional investors own 92.36% of the company’s stock.

Alamo Group Company Profile

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.