Alamo Group (NYSE:ALG) Azioni

Alamo Group

Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero-turn radius mowers, agricultural implements, and related aftermarket parts. The company's reportable segments are Vegetation Management and Industrial Equipment. It generates a majority of its revenue from Vegetation Management. Geographically, the company generates majority of the revenue from the United States.

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Alamo Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) announced today that Jeff Leonard, the Company's President and CEO, has informed the Board of Directors of his intention to retire preferably by mid-year 2025 and upon the appointment of his successor.&nbsp;As part of its succession planning efforts, the Company's Board of Directors has been preparing for such a transition and anticipates naming a new President and CEO as Mr. Leonard's replacement within the next several months.&nbsp;

News

Management

Alamo Group Announces President And CEO Jeff Leonard To Retire Sometime In The Mid-Year Of 2025

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Baird analyst Joseph Grabowski maintains Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) with a Outperform and raises the price target from $204 to $205.

Price Target

Analyst Ratings

Baird Maintains Outperform on Alamo Group, Raises Price Target to $205

Alamo Group shares are trading higher after the company announced cost-saving initiatives, including plant consolidations and workforce reductions.

In the first nine months of 2024, we incurred approximately $3.2 million in employee separation costs and expect the total cost to be between $4.0 million to $4.5 million.&nbsp;
&nbsp;Through these ongoing actions, it anticipates achieving annualized cost savings in the range of $25 to $30 million. &nbsp;

Alamo Group Says Diligently Executing Cost Saving Initiatives Inclusive Of Plant Consolidations And Workforce Reductions

Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) reported quarterly earnings of $2.28 per share which missed the analyst consensus estimate of $2.50 by 8.8 percent. This is a 21.65 percent decrease over earnings of $2.91 per share from the same period last year. The company reported quarterly sales of $401.301 million which missed the analyst consensus estimate of $404.300 million by 0.74 percent. This is a 4.37 percent decrease over sales of $419.644 million the same period last year.

Earnings

Earnings Misses

Alamo Group Q3 2024 GAAP EPS $2.28 Misses $2.50 Estimate, Sales $401.301M Miss $404.300M Estimate

Buybacks

Alamo Group Plans To Repurchase In Aggregate Up To $50M Of Its Outstanding Common Stock

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $228.75, with a high estimate of $270.00 and a low estimate of $209.00. This current average has decreased by 1.29% from the previous average price target of $231.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1724868037_0_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Alamo Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Shlisky</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$219.00</td>
<td>$209.00</td>
</tr>
<tr>
<td>Michael Shlisky</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Buy</td>
<td>$209.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Joseph Grabowski</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$217.00</td>
<td>$223.00</td>
</tr>
<tr>
<td>Tim Moore</td>
<td>EF Hutton</td>
<td>Maintains</td>
<td>Buy</td>
<td>$270.00</td>
<td>$270.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Alamo Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Alamo Group compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Alamo Group's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Alamo Group analyst ratings.</a>
<h2>All You Need to Know About Alamo Group</h2>
Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero-turn radius mowers, agricultural implements, and related aftermarket parts. The company's reportable segments are Vegetation Management and Industrial Equipment. It generates a majority of its revenue from Vegetation Management. Geographically, the company generates majority of the revenue from the United States.
<h3>Alamo Group: Financial Performance Dissected</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Alamo Group's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -5.53%. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Alamo Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.8% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Alamo Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.93%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.87%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.3, Alamo Group adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Short Sellers

Navigating 4 Analyst Ratings For Alamo Group

DA Davidson analyst Michael Shlisky maintains Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) with a Buy and raises the price target from $209 to $219.

DA Davidson Maintains Buy on Alamo Group, Raises Price Target to $219

Reported Friday, Alamo Group Sells Herschel Parts, Aligns Focus On Core Operations And Profitability

DA Davidson analyst Michael Shlisky maintains Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) with a Buy and lowers the price target from $225 to $209.

DA Davidson Maintains Buy on Alamo Group, Lowers Price Target to $209

Shares of machinery companies are trading lower amid overall market weakness following weak US data.

Baird analyst Joseph Grabowski maintains Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) with a Outperform and lowers the price target from $223 to $217.

Baird Maintains Outperform on Alamo Group, Lowers Price Target to $217

Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) reported quarterly earnings of $2.35 per share which missed the analyst consensus estimate of $2.72 by 13.6 percent. This is a 22.44 percent decrease over earnings of $3.03 per share from the same period last year. The company reported quarterly sales of $416.303 million which missed the analyst consensus estimate of $428.560 million by 2.86 percent. This is a 5.53 percent decrease over sales of $440.694 million the same period last year.

Alamo Group Q2 2024 GAAP EPS $2.35 Misses $2.72 Estimate, Sales $416.303M Miss $428.560M Estimate

EF Hutton analyst Tim Moore maintains Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) with a Buy and maintains $270 price target.

EF Hutton Maintains Buy on Alamo Group, Maintains $270 Price Target

&nbsp;The approximately 200 workers part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285, and the Company reached an agreement on a new five-year labor agreement.

Alamo Says Strike That Began On April 14, 2024 By Unionized Workers At Its Subsidiary, Gradall Industries, Located In New Philadelphia, Ohio, Has Ended

DA Davidson analyst Michael Shlisky maintains Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) with a Buy and lowers the price target from $235 to $225.

DA Davidson Maintains Buy on Alamo Group, Lowers Price Target to $225

Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) reported quarterly earnings of $2.67 per share which beat the analyst consensus estimate of $2.50 by 6.8 percent. This is a 4.3 percent decrease over earnings of $2.79 per share from the same period last year. The company reported quarterly sales of $425.586 million which beat the analyst consensus estimate of $410.674 million by 3.63 percent. This is a 3.36 percent increase over sales of $411.771 million the same period last year.

Earnings Beats

Alamo Group Q1 2024 GAAP EPS $2.67 Beats $2.50 Estimate, Sales $425.586M Beat $410.674M Estimate

Press Releases

ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2024

ALAMO GROUP INC. ANNOUNCES THE SALE OF HERSCHEL PARTS BUSINESS

Dividends

ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

ALAMO GROUP INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS CONFERENCE CALL

ALAMO GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND COST REDUCTION ACTIONS

ALAMO GROUP INC. ANNOUNCES SHARE REPURCHASE PROGRAM

ALAMO GROUP INC. ANNOUNCES BOARD EXPANSION AND APPOINTMENT OF NEW DIRECTOR

ALAMO GROUP INC. ANNOUNCES CEO RETIREMENT PLAN

ALAMO GROUP INC. DECLARES HIGHER REGULAR QUARTERLY DIVIDEND

ALAMO GROUP INC. ANNOUNCES FOURTH QUARTER AND YEAR END 2024 EARNINGS CONFERENCE CALL

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Alamo Group

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