Alamo Group (NYSE:ALG) Stock Rating Upgraded by DA Davidson
Alamo Group (NYSE:ALG) Stock Rating Upgraded by DA Davidson
Alamo Group (NYSE:ALG – Get Rating) was upgraded by equities research analysts at DA Davidson from a "neutral" rating to a "buy" rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $196.00 price target on the industrial products company's stock, up from their prior price target of $173.00. DA Davidson's price objective suggests a potential upside of 13.17% from the stock's previous close.
Separately, StockNews.com assumed coverage on Alamo Group in a research report on Thursday. They issued a "buy" rating for the company.
Get Alamo Group alerts:Alamo Group Stock Performance
NYSE:ALG opened at $173.19 on Thursday. The stock has a market cap of $2.07 billion, a P/E ratio of 20.28 and a beta of 0.98. The firm's fifty day simple moving average is $163.14 and its 200 day simple moving average is $148.18. Alamo Group has a twelve month low of $108.35 and a twelve month high of $186.37. The company has a quick ratio of 1.97, a current ratio of 3.82 and a debt-to-equity ratio of 0.37.
Insider Activity
In related news, VP Janet S. Pollock sold 150 shares of the business's stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $180.40, for a total transaction of $27,060.00. Following the completion of the transaction, the vice president now directly owns 2,606 shares in the company, valued at approximately $470,122.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Janet S. Pollock sold 150 shares of the business's stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $180.40, for a total transaction of $27,060.00. Following the completion of the transaction, the vice president now directly owns 2,606 shares in the company, valued at approximately $470,122.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Edward Rizzuti sold 394 shares of the business's stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $184.21, for a total value of $72,578.74. Following the transaction, the executive vice president now owns 5,433 shares of the company's stock, valued at $1,000,812.93. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ALG. Morgan Stanley boosted its stake in Alamo Group by 277.8% in the 4th quarter. Morgan Stanley now owns 278,133 shares of the industrial products company's stock worth $39,384,000 after purchasing an additional 204,507 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Alamo Group by 8.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 678,420 shares of the industrial products company's stock worth $96,065,000 after purchasing an additional 53,730 shares during the period. Goldman Sachs Group Inc. boosted its stake in Alamo Group by 317.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 59,710 shares of the industrial products company's stock worth $6,952,000 after purchasing an additional 45,416 shares during the period. Strs Ohio bought a new position in Alamo Group in the 4th quarter worth approximately $5,479,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Alamo Group by 4.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 864,063 shares of the industrial products company's stock worth $100,603,000 after purchasing an additional 36,290 shares during the period. 91.67% of the stock is currently owned by institutional investors.
About Alamo Group
(Get Rating)
Alamo Group, Inc engages in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, zero turn radius mowers, agricultural implements, and related aftermarket parts.
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阿拉莫集團(紐約證券交易所:ALG-GET評級)據MarketBeat Ratings報道,在週四發給投資者的一份報告中,DA Davidson的股票研究分析師將其評級從中性上調至買入。該經紀公司目前對這家工業產品公司的股票設定了196.00美元的目標價,高於此前173.00美元的目標價。達·戴維森的目標價表明,該股較前一交易日收盤價可能上漲13.17%。
另外,StockNews.com在週四的一份研究報告中對阿拉莫集團進行了報道。他們對該公司的評級為“買入”。
到達阿拉莫集團警報:阿拉莫集團股票表現
紐約證券交易所:ALG週四開盤報173.19美元。該股市值為20.7億美元,本益比為20.28倍,貝塔係數為0.98。該公司的50日簡單移動均線切入位為163.14美元,200日簡單移動均線切入位為148.18美元。阿拉莫集團的12個月低點為108.35美元,12個月高位為186.37美元。該公司的速動比率為1.97,流動比率為3.82,債務權益比率為0.37。
內幕活動
在相關新聞中,副總裁珍妮特·S·波洛克在3月1日星期三的一筆交易中出售了150股該公司的股票。該股以180.40美元的平均價格出售,總成交金額為27060.00美元。交易完成後,總裁副手現在直接持有該公司2606股股份,價值約470,122.40美元。這筆交易是在提交給美國證券交易委員會的一份檔案中披露的,該檔案可在此超鏈接。在相關新聞中,副總裁珍妮特·S·波洛克在3月1日星期三的一筆交易中出售了150股該公司的股票。該股以180.40美元的平均價格出售,總成交金額為27060.00美元。交易完成後,總裁副手現在直接持有該公司2606股股份,價值約470,122.40美元。這筆交易是在提交給美國證券交易委員會的一份檔案中披露的,該檔案可在此超鏈接。此外,執行副總裁愛德華·裡茲祖蒂在3月8日星期三的一筆交易中出售了394股該公司的股票。這些股票的平均價格為184.21美元,總價值為72,578.74美元。交易完成後,執行副總裁總裁現在持有該公司5433股股票,價值1000812.93美元。關於這次銷售的披露可以找到這裡。內部人士持有該公司2.30%的股份。
機構資金流入和流出
一些對沖基金最近改變了他們在ALG的頭寸。摩根士丹利第四季增持阿拉莫集團股份277.8摩根士丹利在此期間增持了204,507股,目前持有這家工業產品公司278,133股股票,價值39,384,000美元。T.Rowe Price Investment Management Inc.在第四季度將其在Alamo Group的持股增加了8.6%。T.Rowe Price投資管理公司目前持有這家工業產品公司678,420股股票,價值96,065,000美元,在此期間又購買了53,730股。高盛股份有限公司在第二季度增持了317.7%的阿拉莫集團股份。高盛股份有限公司在此期間增持了45,416股,目前持有這家工業產品公司59,710股股票,價值6,952,000美元。俄亥俄州STRS在第四季度購買了阿拉莫集團的一個新頭寸,價值約547.9萬美元。最後,Price T Rowe Associates Inc.MD在第二季度將其在Alamo Group的持股增加了4.4%。Price T Rowe Associates Inc.MD現在持有這家工業產品公司864,063股股票,價值100,603,000美元,在此期間又購買了36,290股。91.67%的股票目前由機構投資者持有。
關於阿拉莫集團
(獲取評級)
阿拉莫集團公司從事政府和工業用農業設備和基礎設施維護設備的設計和製造。其產品包括拖拉機安裝的割草和其他植被維護設備、街道清掃車、挖掘機、真空卡車、除雪設備、零轉彎半徑割草機、農具和相關的售後零部件。
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