Alamo Group (NYSE:ALG) Cut to “Hold” at 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 Wednesday.

Several other research analysts also recently commented on the company. DA Davidson dropped their price target on Alamo Group from $219.00 to $217.00 and set a “buy” rating on the stock in a research report on Monday. Baird R W lowered shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Robert W. Baird cut shares of Alamo Group from an “outperform” rating to a “neutral” rating and cut their target price for the company from $224.00 to $177.00 in a research note on Friday, February 28th.

Alamo Group Stock Performance

NYSE:ALG opened at $182.91 on Wednesday. The firm has a market capitalization of $2.21 billion, a PE ratio of 18.42 and a beta of 1.10. Alamo Group has a 1 year low of $163.74 and a 1 year 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. The firm’s fifty day simple moving average is $183.05 and its 200 day simple moving average is $184.06.

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

Insider Transactions at Alamo Group

In related news, VP Janet S. Pollock sold 257 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the transaction, the vice president now directly owns 3,360 shares in the company, valued at approximately $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Alamo Group

A number of institutional investors have recently bought and sold shares of ALG. Nisa Investment Advisors LLC lifted its holdings in shares of Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares during the period. JNBA Financial Advisors acquired a new position in Alamo Group in the third quarter worth about $37,000. Smartleaf Asset Management LLC lifted 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 worth $38,000 after purchasing an additional 168 shares during the period. Lazard Asset Management LLC acquired a new stake in Alamo Group during the fourth quarter valued at approximately $79,000. Finally, KBC Group NV grew its stake in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 189 shares during the period. 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.