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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阿拉莫集团(纽约证券交易所:ALG-GET评级)据MarketBeat Ratings报道,在周四发给投资者的一份报告中,DA Davidson的股票研究分析师将其评级从中性上调至买入。该经纪公司目前对这家工业产品公司的股票设定了196.00美元的目标价,高于此前173.00美元的目标价。达·戴维森的目标价表明,该股较前一交易日收盘价可能上涨13.17%。
另外,StockNews.com在周四的一份研究报告中对阿拉莫集团进行了报道。他们对该公司的评级为“买入”。
到达阿拉莫集团警报:阿拉莫集团股票表现
纽约证券交易所:ALG周四开盘报173.19美元。该股市值为20.7亿美元,市盈率为20.28倍,贝塔系数为0.98。该公司的50日简单移动均线切入位为163.14美元,200日简单移动均线切入位为148.18美元。阿拉莫集团的12个月低点为108.35美元,12个月高位为186.37美元。该公司的速动比率为1.97,流动比率为3.82,债务权益比率为0.37。
内幕活动
在相关新闻中,副总裁珍妮特·S·波洛克在3月1日星期三的一笔交易中出售了150股该公司的股票。该股以180.40美元的平均价格出售,总成交金额为27060.00美元。交易完成后,总裁副手现在直接持有该公司2606股股份,价值约470,122.40美元。这笔交易是在提交给美国证券交易委员会的一份文件中披露的,该文件可在此超链接。在相关新闻中,副总裁珍妮特·S·波洛克在3月1日星期三的一笔交易中出售了150股该公司的股票。该股以180.40美元的平均价格出售,总成交金额为27060.00美元。交易完成后,总裁副手现在直接持有该公司2606股股份,价值约470,122.40美元。这笔交易是在提交给美国证券交易委员会的一份文件中披露的,该文件可在此超链接。此外,执行副总裁爱德华·里兹祖蒂在3月8日星期三的一笔交易中出售了394股该公司的股票。这些股票的平均价格为184.21美元,总价值为72,578.74美元。交易完成后,执行副总裁总裁现在持有该公司5433股股票,价值1000812.93美元。关于这次销售的披露可以找到这里。内部人士持有该公司2.30%的股份。
机构资金流入和流出
一些对冲基金最近改变了他们在ALG的头寸。摩根士丹利第四季增持阿拉莫集团股份277.8摩根士丹利在此期间增持了204,507股,目前持有这家工业产品公司278,133股股票,价值39,384,000美元。T.Rowe Price Investment Management Inc.在第四季度将其在Alamo Group的持股增加了8.6%。T.Rowe Price投资管理公司目前持有这家工业产品公司678,420股股票,价值96,065,000美元,在此期间又购买了53,730股。高盛股份有限公司在第二季度增持了317.7%的阿拉莫集团股份。高盛股份有限公司在此期间增持了45,416股,目前持有这家工业产品公司59,710股股票,价值6,952,000美元。俄亥俄州STRS在第四季度购买了阿拉莫集团的一个新头寸,价值约547.9万美元。最后,Price T Rowe Associates Inc.MD在第二季度将其在Alamo Group的持股增加了4.4%。Price T Rowe Associates Inc.MD现在持有这家工业产品公司864,063股股票,价值100,603,000美元,在此期间又购买了36,290股。91.67%的股票目前由机构投资者持有。
关于阿拉莫集团
(获取评级)
阿拉莫集团公司从事政府和工业用农业设备和基础设施维护设备的设计和制造。其产品包括拖拉机安装的割草和其他植被维护设备、街道清扫车、挖掘机、真空卡车、除雪设备、零转弯半径割草机、农具和相关的售后零部件。
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