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Alamo Group (NYSE:ALG) has been upgraded to “Buy” by DA Davidson.

Elaine Mendonça by Elaine Mendonça
March 18, 2023
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According to a report that was published on Thursday by The Fly, stock analysts at DA Davidson changed their recommendation for Alamo Group (NYSE: ALG) from “neutral” to “buy.” This upgrade was included in a report that was distributed on Thursday.

When trading started on Thursday, the share price of Alamo Group was determined to be $169.69 per share.

The ratio of the current ratio to the quick ratio is 1.97, while the ratio of the current ratio to the quick ratio is 3.82.

The ratio of debt to equity is 0.37.

The company’s average price over the past 50 days is $161.93, and the average price over the last 200 days is $147.70.

The simple moving average is calculated using the company’s closing prices.

A price-to-earnings ratio of 19.87 for the company’s stock and a beta value of 0.98 contribute to the company’s current market value of $2.03 billion.

The lowest price that Alamo Group has been at in the past year is $108.35, while the company’s all-time high is $186.37.
According to a Thursday report, StockNews.com has started covering Alamo Group shares.

The news was announced in this article.

They suggested that an interested party purchase the company.
Edward Rizzuti, Executive Vice President of Alamo Group, sold 394 shares of the company’s stock on March 8th.

This transaction took place.

The total amount obtained from the sale of the shares was $72,578.74, corresponding to an average price paid for each share of $184.21.

After the completion of the sale, the executive vice president is now the direct owner of 5,433 shares of company stock, which have an approximate value of $1,012,93.93.

These shares were previously owned indirectly through the company. Following the submission of a court document to the SEC, the transaction was brought to the general public’s attention. On the website of the SEC, you can find the document you are looking for. On March 1st, Vice President Janet S.

Pollock sold 150 shares of the company’s stock.

This piece of information is relevant to the topic at hand.
The total amount obtained from the sale of the shares was $27,060.00, equivalent to an average price of $180.40 per share sold.

Because of the transaction, the company’s vice president now has direct ownership of 2,606 shares of the company’s stock. Considering their current market price, these shares are worth $470,122.40.

The transaction was described in a document distributed by the SEC which can be viewed on the organization’s website.

In addition, Executive Vice President Edward Rizzuti sold 394 shares of Alamo Group stock on March 8th.

The cost of purchasing all of the shares totaled $72,578.74, which works out to a price of $184.21 per share on average. Following the completion of the acquisition, the executive vice president has accumulated 5,433 shares in the corporation, currently valued at $1,012.93.

Disclosures related to the sale might be found in this website section.

Individuals employed by the company hold 2.30 percent of the company’s shares.

As a result of recent occurrences, institutional investors and hedge funds have adjusted the proportion of their holdings in the company, they have invested in.

In the last three months of 2018, Victory Capital Management INC increased the proportion of Alamo Group stock owned by 2.8%. Following the purchase of an additional 18,713 shares of the industrial goods company’s stock during the above period, Victory Capital Management INC now owns 685,079 shares of the corporation above’s stock, which has a value of $97,007,000.

The Public Employees Retirement System of Ohio increased the amount of Alamo Group stock owned by 14.1% over the most recent fiscal quarter.

The Public Employees Retirement System of Ohio now has a total of 43,190 shares of the stock of the industrial goods company following the purchase of an additional 5,346 shares during the most recent quarter.

The value of the Public Employees Retirement System of Ohio’s holdings in the stock of the industrial goods company is currently $6,116,000.

During the final three months of 2018, T. Rowe Price Investment Management INC increased the total number of shares of Alamo Group stock that it held by 8.6 percent.

After purchasing an additional 53,730 shares during the period, T. Rowe Price Investment Management INC now owns 678,420 shares of the industrial products company’s stock, valued at $96,065,000.

This is because the company acquired additional shares during the period.

In the final three months of 2018, Legal & General Group Plc made a 2.6% purchase of additional Alamo Group stock, bringing the total percentage of that company’s stock ownership to 100%.

Legal & General Group Plc now holds 25,775 shares of the industrial products company’s stock, following the acquisition of an additional 645 shares during the most recent quarter.

The stock is currently valued at $3,650,000.

And finally, during the final three months of the year, Morgan Stanley saw a 277.8% increase in the total value of the Alamo Group holdings it had in its portfolio.

Morgan Stanley currently holds a total of 278.133 shares of the stock of the industrial products company.

These shares are worth $39,384,000 to Morgan Stanley at the current market price.

This is because the company purchased an additional 204,507 shares during the most recent quarter of the most recent fiscal year.

Institutions own the company’s equity to the tune of 91.67%, which is equivalent to 91.67% of the total.

Alamo Group, INC specializes in designing and manufacturing equipment for agricultural use and for maintaining infrastructure.

The equipment it offers is designed to be used in both the economy’s public and private sectors.

This company manufactures and sells various products, including zero-turn radius mowers, agricultural implements, street sweepers, vacuum trucks, snow removal equipment, tractor-mounted mowing, and other vegetation maintenance equipment, as well as related aftermarket parts. Other products include snow removal equipment.

Tags: ALG, Analyst Rating
Elaine Mendonça

Elaine Mendonça

Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

DISCLAIMER

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your personal investment advisor and only after performing your own research and due diligence, including reviewing the prospectus or financial statements of the issuer of any security.

The Best Stocks, its managers, its employees, affiliates and assigns (collectively “The Company”) do not make any guarantee or warranty about the advice provided on this website or what is otherwise advertised above.

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