Alamo Group (NYSE:ALG) Reaches New 52-Week Low – Time to Sell?

Alamo Group, Inc. (NYSE:ALG) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $156.68 and last traded at $158.28, with a volume of 32227 shares trading hands. The stock had previously closed at $162.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ALG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Alamo Group in a report on Thursday, November 13th. Zacks Research lowered Alamo Group from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Robert W. Baird upgraded Alamo Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $209.00 to $260.00 in a research note on Monday, August 4th. DA Davidson cut their target price on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $222.33.

Alamo Group Trading Up 2.0%

The company has a current ratio of 4.56, a quick ratio of 2.76 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $182.41 and a 200-day moving average price of $202.21. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 0.94 and a beta of 1.13.

Alamo Group (NYSE:ALG) last released its earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a return on equity of 11.45% and a net margin of 7.41%.The firm had revenue of $420.04 million for the quarter, compared to analyst estimates of $407.55 million. As a group, sell-side analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, October 15th. Alamo Group’s dividend payout ratio is 12.45%.

Insider Activity

In related news, CEO Robert Paul Hureau bought 600 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $167.77 per share, with a total value of $100,662.00. Following the completion of the transaction, the chief executive officer directly owned 11,588 shares of the company’s stock, valued at approximately $1,944,118.76. This trade represents a 5.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by insiders.

Institutional Trading of Alamo Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of Alamo Group by 520.9% in the first quarter. CWM LLC now owns 981 shares of the industrial products company’s stock worth $175,000 after buying an additional 823 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Alamo Group in the 1st quarter valued at approximately $1,365,000. Ninepoint Partners LP acquired a new position in Alamo Group in the 1st quarter worth approximately $40,988,000. Royce & Associates LP acquired a new position in Alamo Group in the 1st quarter worth approximately $419,000. Finally, Pacer Advisors Inc. acquired a new stake in Alamo Group during the 1st quarter valued at $12,920,000. Institutional investors and hedge funds 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.