Alamo Group upgraded by DA Davidson with a new price target
$ALG
Industrial Machinery/Components
Industrials
DA Davidson upgraded Alamo Group from Neutral to Buy and set a new price target of $196.00 from $173.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/28/2025 | $224.00 → $177.00 | Outperform → Neutral | Robert W. Baird |
| 9/1/2023 | $201.00 | Outperform | Robert W. Baird |
| 7/7/2023 | $215.00 | Outperform | Raymond James |
| 3/16/2023 | $173.00 → $196.00 | Neutral → Buy | DA Davidson |
| 10/14/2021 | $150.00 | Neutral | DA Davidson |
SD - ALAMO GROUP INC (0000897077) (Filer)
8-K - ALAMO GROUP INC (0000897077) (Filer)
10-Q - ALAMO GROUP INC (0000897077) (Filer)
SEGUIN, Texas, July 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.30 per share. Payment of the July dividend will be made on July 29, 2025, to shareholders of record at the close of business on July 16, 2025. About Alamo Group Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agr
SEGUIN, Texas, June 30, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it has completed the acquisition of Ring-O-Matic, Inc., a leading provider of industrial vacuum excavation equipment. The purchase was funded with existing cash on hand and is subject to customary net working capital closing adjustments. Since its founding in 1960, Ring-O-Matic, based in Pella, Iowa, has built a well-regarded and highly respected name for itself in the marketplace. The company is known for manufacturing high-quality trailer-mounted and custom truck-mounted excavation and vacuum units that perform essential tasks such as hydro excavation, safe digging near and around utility infra
SEGUIN, Texas, May 8, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the first quarter ended March 31, 2025. Highlights: Net Sales of $391.0 million, down 8.1% versus the same period in the prior year, up 1.5% versus fourth quarter 2024Industrial Equipment Division net sales of $227.1 million, up 12.5% year-over-yearVegetation Management Division net sales of $163.9 million, down 26.8% year-over-year Income from operations of $44.5 million, 11.4% of net sales – an increase of 40 basis points versus the first quarter of 2024 and 130 basis points versus the full year 2024 Net Income of $31.8 millionFully diluted EPS increased to $2.64 per share, an improvement of
Robert W. Baird downgraded Alamo Group from Outperform to Neutral and set a new price target of $177.00 from $224.00 previously
Robert W. Baird initiated coverage of Alamo Group with a rating of Outperform and set a new price target of $201.00
Raymond James initiated coverage of Alamo Group with a rating of Outperform and set a new price target of $215.00
4 - ALAMO GROUP INC (0000897077) (Issuer)
4 - ALAMO GROUP INC (0000897077) (Issuer)
3 - ALAMO GROUP INC (0000897077) (Issuer)
SEGUIN, Texas, July 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.30 per share. Payment of the July dividend will be made on July 29, 2025, to shareholders of record at the close of business on July 16, 2025. About Alamo Group Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agr
SEGUIN, Texas, June 30, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it has completed the acquisition of Ring-O-Matic, Inc., a leading provider of industrial vacuum excavation equipment. The purchase was funded with existing cash on hand and is subject to customary net working capital closing adjustments. Since its founding in 1960, Ring-O-Matic, based in Pella, Iowa, has built a well-regarded and highly respected name for itself in the marketplace. The company is known for manufacturing high-quality trailer-mounted and custom truck-mounted excavation and vacuum units that perform essential tasks such as hydro excavation, safe digging near and around utility infra
SEGUIN, Texas, May 8, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the first quarter ended March 31, 2025. Highlights: Net Sales of $391.0 million, down 8.1% versus the same period in the prior year, up 1.5% versus fourth quarter 2024Industrial Equipment Division net sales of $227.1 million, up 12.5% year-over-yearVegetation Management Division net sales of $163.9 million, down 26.8% year-over-year Income from operations of $44.5 million, 11.4% of net sales – an increase of 40 basis points versus the first quarter of 2024 and 130 basis points versus the full year 2024 Net Income of $31.8 millionFully diluted EPS increased to $2.64 per share, an improvement of
SEGUIN, Texas, Dec. 20, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) 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. 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. In announcing his retirement, Mr. Leonard stated, "It has been an honor being part of Alamo Group since 2011 and serving as Alamo Group's President and CEO for the last several years. I have watch
SEGUIN, Texas, Dec. 4, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it has expanded the membership of its Board of Directors from eight to nine members and has appointed Colleen Haley as a new independent member of the Board effective December 4, 2024. Ms. Haley, 57, has been Chief Executive Officer of Quality Metalcraft/Experi-Metal, Inc. ("QMC-EMI") since March 2021. Based in Livonia, Michigan, QMC-EMI is a leading metal fabrication company serving the automotive, commercial vehicle, aerospace, and defense industries. Prior to her role with QMC-EMI, Ms. Haley was Group VP, Operations, with Parker Hannifin Corporation from 2016 to 2021. From 2000 to 2016, Ms. Hal
SEGUIN, Texas, June 10, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that Michael A. Haberman, Executive Vice President of the Industrial Equipment Division, will retire from his current role on August 6, 2024. Upon Mr. Haberman's retirement, Kevin Thomas will succeed Mr. Haberman as Executive Vice President of the Industrial Equipment Division. Mr. Thomas has been with the Company since February 2022 when he joined as Vice President of the Excavator and Vacuum Truck Group. Prior to joining the Company, Mr. Thomas was with Navistar International since 1999, with his most recent role being as President of Navistar Defense LLC since 2015. Chief Executive Officer and Presid
SC 13G - ALAMO GROUP INC (0000897077) (Subject)
SC 13G - ALAMO GROUP INC (0000897077) (Subject)
SC 13G - ALAMO GROUP INC (0000897077) (Subject)