Alamo Group (NYSE:ALG) Raised to "Buy" at DA Davidson
Alamo Group (NYSE:ALG) Raised 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 note released on Thursday morning, Marketbeat Ratings reports. The firm currently has $196.00 target price on the industrial products company's stock, up from their previous target price of $173.00.
Separately, StockNews.com assumed coverage on shares of Alamo Group in a research report on Thursday. They set a buy rating for the company.
Get Alamo Group alerts:Alamo Group Stock Down 1.8 %
Shares of NYSE ALG opened at $173.19 on Thursday. The company has a 50 day simple moving average of $163.14 and a 200-day simple moving average of $148.42. The company has a market capitalization of $2.07 billion, a P/E ratio of 20.28 and a beta of 0.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.82 and a quick ratio of 1.97. Alamo Group has a 1 year low of $108.35 and a 1 year high of $186.37.
Alamo Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Shareholders of record on Wednesday, January 18th were paid a $0.22 dividend. The ex-dividend date was Tuesday, January 17th. This is a positive change from Alamo Group's previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a yield of 0.51%. Alamo Group's payout ratio is currently 10.30%.
Insider Activity
In related news, VP Janet S. Pollock sold 150 shares of the business's stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $180.40, for a total transaction of $27,060.00. Following the sale, the vice president now owns 2,606 shares of the company's stock, valued at $470,122.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Edward Rizzuti sold 394 shares of the company'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 transaction of $72,578.74. Following the completion of the transaction, the executive vice president now owns 5,433 shares of the company's stock, valued at $1,000,812.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $27,060.00. Following the transaction, the vice president now directly owns 2,606 shares of the company's stock, valued at approximately $470,122.40. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.
Hedge Funds Weigh In On Alamo Group
Several institutional investors and hedge funds have recently bought and sold shares of ALG. Quadrant Capital Group LLC purchased a new stake in Alamo Group during the third quarter worth approximately $29,000. Lazard Asset Management LLC purchased a new stake in Alamo Group during the third quarter worth approximately $32,000. Point72 Hong Kong Ltd purchased a new stake in Alamo Group during the third quarter worth approximately $44,000. FMR LLC grew its stake in Alamo Group by 17.4% during the second quarter. FMR LLC now owns 701 shares of the industrial products company's stock worth $81,000 after buying an additional 104 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Alamo Group by 30.1% in the first quarter. Captrust Financial Advisors now owns 964 shares of the industrial products company's stock valued at $139,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 91.67% of the company's stock.
Alamo Group Company Profile
(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)Marketbeat Ratings報告稱,在週四上午發佈的一份研究報告中,評級從中性轉為買入。該公司目前對這家工業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對阿拉莫集團的股票進行了報道。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。該公司的50日簡單移動均線切入位在163.14美元,200日簡單移動均線切入位在148.42美元。該公司市值20.7億美元,本益比為20.28倍,貝塔係數為0.98。該公司的債務權益比為0.37,流動比率為3.82,速動比率為1.97。阿拉莫集團的一年低點為108.35美元,一年高位為186.37美元。
阿拉莫集團增加股息
該公司最近還披露了一項季度股息,該股息於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。除息日期是1月17日,星期二。與阿拉莫集團之前的季度派息0.18美元相比,這是一個積極的變化。這意味著年化股息為0.88美元,收益率為0.51%。阿拉莫集團目前的派息率為10.30%。
內幕活動
在相關新聞中,副總裁珍妮特·S·波洛克在日期為3月1日星期三的交易中出售了150股該公司股票。這些股票以180.40美元的平均價格出售,總成交額為27,060.00美元。出售股份後,副董事長總裁現在持有該公司2606股股票,價值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法律檔案中披露的,該檔案可以通過這個環節。在相關新聞中,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股該公司股票。這些股票以184.21美元的平均價格出售,總成交金額為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。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,該檔案可通過美國證券交易委員會網站。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。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股股票,價值約470,122.40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。
對沖基金看好阿拉莫集團
幾家機構投資者和對沖基金最近買賣了ALG的股票。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,價值約3.2萬美元。Point72 Hong Kong Ltd在第三季度購買了Alamo Group的新股份,價值約44,000美元。第二季度,FMR LLC在Alamo Group的持股增加了17.4%。FMR LLC現在持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在第一季度將其在阿拉莫集團的股份增加了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。機構投資者和對沖基金持有該公司91.67%的股票。
阿拉莫集團公司簡介
(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。
專題報道
- 免費獲取StockNews.com關於Alamo Group(ALG)的研究報告
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