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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达·戴维森升级了阿拉莫集团(纽约证券交易所:ALG-GET评级)Marketbeat Ratings报告称,在周四上午发布的一份研究报告中,评级从中性转为买入。该公司目前对这家工业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。
另外,StockNews.com在周四的一份研究报告中对阿拉莫集团的股票进行了报道。他们为该公司设定了买入评级。
到达阿拉莫集团警报:阿拉莫集团股价下跌1.8%
周四,纽约证交所ALG的股价开盘报173.19美元。该公司的50日简单移动均线切入位在163.14美元,200日简单移动均线切入位在148.42美元。该公司市值20.7亿美元,市盈率为20.28倍,贝塔系数为0.98。该公司的债务权益比为0.37,流动比率为3.82,速动比率为1.97。阿拉莫集团的一年低点为108.35美元,一年高位为186.37美元。
阿拉莫集团增加股息
该公司最近还披露了一项季度股息,该股息于2月1日星期三支付。1月18日(星期三)登记在册的股东获得了0.22美元的股息。除息日期是1月17日,星期二。与阿拉莫集团之前的季度派息0.18美元相比,这是一个积极的变化。这意味着年化股息为0.88美元,收益率为0.51%。阿拉莫集团目前的派息率为10.30%。
内幕活动
在相关新闻中,副总裁珍妮特·S·波洛克在日期为3月1日星期三的交易中出售了150股该公司股票。这些股票以180.40美元的平均价格出售,总成交额为27,060.00美元。出售股份后,副董事长总裁现在持有该公司2606股股票,价值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法律文件中披露的,该文件可以通过这个环节。在相关新闻中,执行副总裁Edward Rizzuti在3月8日星期三的一笔交易中出售了394股该公司股票。这些股票以184.21美元的平均价格出售,总成交金额为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。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,该文件可通过美国证券交易委员会网站。此外,在3月1日星期三的一次交易中,副总裁珍妮特·S·波洛克出售了150股公司股票。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股股票,价值约470,122.40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。
对冲基金看好阿拉莫集团
几家机构投资者和对冲基金最近买卖了ALG的股票。跨骏资本集团在第三季度购买了阿拉莫集团价值约2.9万美元的新股份。Lazard Asset Management LLC在第三季度购买了阿拉莫集团的新股份,价值约3.2万美元。Point72 Hong Kong Ltd在第三季度购买了Alamo Group的新股份,价值约44,000美元。第二季度,FMR LLC在Alamo Group的持股增加了17.4%。FMR LLC现在持有这家工业产品公司701股股票,价值8.1万美元,在此期间又购买了104股。最后,CapTrust Financial Advisors在第一季度将其在阿拉莫集团的股份增加了30.1%。CapTrust Financial Advisors在此期间又购买了223股,现在拥有964股这家工业产品公司的股票,价值13.9万美元。机构投资者和对冲基金持有该公司91.67%的股票。
阿拉莫集团公司简介
(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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译文内容由第三方软件翻译。
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