Alamo Group (NYSE:ALG) Stock Rating Lowered by Baird R W

Alamo Group (NYSE:ALG) was downgraded by research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Other research analysts also recently issued reports about the company. StockNews.com upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Robert W. Baird downgraded Alamo Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $224.00 to $177.00 in a research report on Friday.

Alamo Group Trading Down 5.0 %

ALG stock opened at $175.02 on Friday. Alamo Group has a 1-year low of $163.74 and a 1-year high of $228.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 17.63 and a beta of 1.10. The business has a 50 day simple moving average of $183.83 and a two-hundred day simple moving average of $184.03.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.16. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The business had revenue of $385.32 million during the quarter, compared to the consensus estimate of $396.85 million. Research analysts anticipate that Alamo Group will post 9.53 EPS for the current fiscal year.

Insider Activity

In other news, VP Janet S. Pollock sold 257 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the transaction, the vice president now directly owns 3,360 shares in the company, valued at approximately $649,857.60. This represents a 7.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Alamo Group

Several hedge funds and other institutional investors have recently bought and sold shares of ALG. Nisa Investment Advisors LLC raised its holdings in Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. JNBA Financial Advisors purchased a new stake in Alamo Group during the 3rd quarter valued at $37,000. Smartleaf Asset Management LLC raised its holdings in Alamo Group by 442.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock valued at $38,000 after buying an additional 168 shares during the period. Lazard Asset Management LLC purchased a new stake in Alamo Group during the 4th quarter valued at $79,000. Finally, KBC Group NV raised its holdings in Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.