Alamo Group (NYSE:ALG) Lifted to Buy at DA Davidson
Alamo Group (NYSE:ALG) Lifted to Buy at DA Davidson
DA Davidson upgraded shares of Alamo Group (NYSE:ALG – Get Rating) from a neutral rating to a buy rating in a research report released on Thursday, MarketBeat Ratings reports. They currently have $196.00 price target on the industrial products company's stock, up from their prior price target of $173.00.
Separately, StockNews.com initiated coverage on Alamo Group in a research note on Thursday. They set a buy rating for the company.
Get Alamo Group alerts:Alamo Group Trading Down 1.8 %
Shares of NYSE:ALG opened at $173.19 on Thursday. The stock has a 50 day moving average of $163.14 and a 200 day moving average of $148.29. The company has a market cap of $2.07 billion, a PE ratio of 20.28 and a beta of 0.98. The company has a current ratio of 3.82, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Alamo Group has a 12-month low of $108.35 and a 12-month high of $186.37.
Alamo Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Shareholders of record on Wednesday, January 18th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.51%. This is an increase from Alamo Group's previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, January 17th. Alamo Group's dividend payout ratio is presently 10.30%.
Insiders Place Their Bets
In other Alamo Group news, EVP Edward Rizzuti sold 394 shares of the company's stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $184.21, for a total value of $72,578.74. Following the completion of the transaction, the executive vice president now directly owns 5,433 shares in the company, valued at approximately $1,000,812.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Edward Rizzuti sold 394 shares of the company's stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $184.21, for a total transaction of $72,578.74. Following the sale, the executive vice president now directly owns 5,433 shares of the company's stock, valued at approximately $1,000,812.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Janet S. Pollock sold 150 shares of the company'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 value of $27,060.00. Following the sale, the vice president now directly owns 2,606 shares in the company, valued at $470,122.40. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Institutional Trading of Alamo Group
Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC purchased a new stake in shares of Alamo Group during the 3rd quarter worth approximately $29,000. Lazard Asset Management LLC purchased a new stake in Alamo Group during the 3rd quarter valued at $32,000. Point72 Hong Kong Ltd purchased a new stake in Alamo Group during the 3rd quarter valued at $44,000. FMR LLC raised its holdings in Alamo Group by 17.4% during the 2nd quarter. FMR LLC now owns 701 shares of the industrial products company's stock valued at $81,000 after buying an additional 104 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Alamo Group by 30.1% during the 1st quarter. Captrust Financial Advisors now owns 964 shares of the industrial products company's stock valued at $139,000 after buying an additional 223 shares during the period. 91.67% of the stock is owned by hedge funds and other 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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達·戴維森升級了阿拉莫集團(紐約證券交易所:ALG-GET評級)據MarketBeat Ratings報道,在週四發佈的一份研究報告中,評級從中性轉為買入。他們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。
另外,StockNews.com在週四的一份研究報告中啟動了對Alamo Group的報道。他們為該公司設定了買入評級。
到達阿拉莫集團警報:阿拉莫集團股價下跌1.8%
週四,紐約證交所:ALG的股價開盤報173.19美元。該股的50日移動均線切入位為163.14美元,200日移動均線切入位為148.29美元。該公司市值20.7億美元,本益比20.28倍,貝塔係數0.98。該公司的流動比率為3.82,速動比率為1.97,債務權益比率為0.37。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。
阿拉莫集團增加股息
該公司最近還宣佈了季度股息,股息於2月1日星期三支付。1月18日(星期三)登記在冊的股東獲得了0.22美元的股息。這意味著年化股息為0.88美元,收益率為0.51%。這比阿拉莫集團之前的季度股息0.18美元有所增加。除息日期是1月17日,星期二。阿拉莫集團目前的股息支付率為10.30%。
內部人士下注
在阿拉莫集團的其他消息中,執行副總裁Edward Rizzuti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。這只股票的平均售價為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直接持有該公司5433股股份,價值約1,000,812.93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,該檔案可在美國證券交易委員會網站。在其他新聞方面,執行副總裁Edward Rizzuti在3月8日星期三的一筆交易中出售了394股該公司股票。該股以184.21美元的平均價格出售,總成交金額為72,578.74美元。出售後,執行副總裁總裁現在直接持有該公司5433股股票,價值約1000812.93美元。這筆交易是在提交給美國證券交易委員會的一份法律檔案中披露的,該檔案可以通過此超鏈接。此外,在3月1日星期三的一次交易中,副總裁珍妮特·S·波洛克出售了150股公司股票。這只股票的平均售價為180.40美元,總價值為27,060.00美元。出售股份後,總裁副手現在直接持有該公司2606股股份,價值470,122.40美元。關於這次銷售的披露可以找到這裡。公司內部人士目前持有該公司2.30%的股份。
阿拉莫集團的機構交易
對沖基金最近調整了對該公司的持股。跨駿資本集團在第三季度購買了阿拉莫集團價值約2.9萬美元的新股份。Lazard Asset Management LLC在第三季度購買了阿拉莫集團的新股份,價值3.2萬美元。Point72 Hong Kong Ltd在第三季度購買了Alamo Group的新股份,價值44,000美元。FMR LLC在第二季度將其在Alamo Group的持股增加了17.4%。FMR LLC現在擁有這家工業產品公司701股股票,價值8.1萬美元,在此期間又購買了104股。最後,CapTrust Financial Advisors在第一季度將其在Alamo Group的持股增加了30.1%。CapTrust Financial Advisors在此期間又購買了223股,現在擁有964股這家工業產品公司的股票,價值13.9萬美元。91.67%的股票由對沖基金和其他機構投資者持有。
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。
另請參閱
- 免費獲取StockNews.com關於Alamo Group(ALG)的研究報告
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