Alamo Group (NYSE:ALG) Stock, Quote.Headers.trade-ideas

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.

News

Penny Stocks

Short Sellers

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

ADMP

AMSC

AMWL

ARAV

BJDX

BPTH

BPTS

BRSH

CENT

CHRS

COKE

COMM

COOK

DGII

DMRC

DRTT

DSKE

ERII

ETSY

EVGO

EXPE

FARO

FOXO

FSLY

HDSN

HOOD

HUBS

INSG

LIDR

LMND

LTRY

MEDS

MSGM

NEON

NGVT

ONEW

PYPL

QCOM

RBOT

RELY

SABR

SDGR

SONM

STAA

TCBP

TRIP

TTOO

UPWK

VITL

Gainers


	Bluejay Diagnostics, Inc.  (NASDAQ: BJDX) shares jumped 75% to $9.60.


Why Cummins Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Analyst Ratings

Tech

General

Honeywell International Inc. (NASDAQ: HON) introduced UOP eFining technology to manufacture low-carbon sustainable aviation fuel (SAF). World&#39;s leading eFuels company, HIF Global, aims to deploy the new technology to produce eSAF at its second U.S. eFuels facility.


Honeywell Unveils Technology For Low-Carbon Aviation Fuel

Short Ideas

Pre-Market Outlook

HEES

SHIP

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.

Top 5 Industrials Stocks That May Crash This Month

Alamo Group Inc

ALLIGATOR ENERGY LTD by ALLIGATOR ENERGY LTD.

Alligator Energy Ltd

Alta Global Group Limited

ALLIANCE GLOBAL GROUP INC by Alliance Global Group, Inc.

Alliance Global Group Inc

ALLIANCE GLBL GP UNSP/ADR by Alliance Global Group, Inc.

ALLGEIER SE by Allgeier SE

Alma Gold Inc

Allegro MicroSystems, Inc. - Common Stock

Allegro Microsystems Inc

Align Technology Inc

Algorand - United States Dollar

Algorand - TrueUSD

Aligos Therapeutics Inc

Allegiant Travel Co

ALLIANCE GROWERS CORP by Alliance Growers Corp

Alliance Growers Corp

<p>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.</p>
<p>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.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></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><strong>Last 30D</strong></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><strong>1M Ago</strong></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><strong>2M Ago</strong></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><strong>3M Ago</strong></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>
<p>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. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724868037_0_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>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.</p>
<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><strong>Action Taken:</strong> 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><strong>Rating:</strong> 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><strong>Price Targets:</strong> 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>
<p>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.</p>
<p><a href="https://www.benzinga.com/quote/ALG/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Alamo Group analyst ratings.</strong></a></p>
<h2>All You Need to Know About Alamo Group</h2>
<p>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.</p>
<h3>Alamo Group: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Analysis:</strong> 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.</p>
<p><strong>Revenue Challenges:</strong> Alamo Group's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately <strong>-5.53%</strong>. 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.</p>
<p><strong>Net Margin:</strong> Alamo Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>6.8%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Alamo Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>2.93%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>1.87%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.3</strong>, Alamo Group adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>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.</p>
<p>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.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Navigating 4 Analyst Ratings For Alamo Group

<p>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.</p>


Price Target

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

<p>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.</p>


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

WIIM

GTES

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

<p>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.</p>


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

<p>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.</p>


Earnings

Earnings Misses

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

<p>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.</p>


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

<p>&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.</p>


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

<p>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.</p>


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

<p>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.</p>


Earnings Beats

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

<p>The approximately 200 workers are part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285.&nbsp; Negotiations are ongoing and the Company said it is committed to working in good faith with union leaders to reach agreement on the new labor agreement and restore normal operations.</p>


Alamo Group Says Unionized Workers At Its Subsidiary Gradall Industries In New Philadelphia, Ohio, Elected To Strike After Failing To Reach Labor Agreement

<p>Alamo Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) today announced that Richard J. Wehrle, Executive Vice President, Chief Financial Officer and Treasurer, will retire from the Company on May 3, 2024.&nbsp; Ms. Agnes Kamps joined the Company as Executive Vice-President on March 6, 2024, and will take on the duties of Company Treasurer immediately.&nbsp; Upon Mr. Wehrle's retirement, Ms. Kamps will succeed Mr. Wehrle as the Company's Chief Financial Officer.&nbsp; Ms. Kamps joins the Company from Americas Styrenics, LLC, where she has served as Vice President and Chief Financial Officer since January 2021.&nbsp; Prior to her role with Americas Styrenics, Ms. Kamps served in various accounting and finance management capacities with several Siemens companies and with United Technologies.&nbsp; Ms. Kamps holds a Bachelor of Business Administration with an accounting concentration from Robert Morris University and a Master of Business Administration from Friedrich‐Alexander‐Universität Erlangen‐Nürnberg.</p>
<p>Chief Executive Officer and President, Jeffery A. Leonard, commented on the above changes as follows, "Richard has been a part of Alamo Group for over 35 years.&nbsp; He has helped guide the Company through many stages of its development as a vital member of our team.&nbsp; He has been a leader in our positive, profitable growth during his long tenure as Corporate Controller and later as Chief Financial Officer.&nbsp; We want to wish him a long, healthy retirement with his family.&nbsp; We are very pleased to have Agnes join the Company and are excited for what the future holds for her as a part of our leadership team as we continue to grow."</p>


Management

Alamo Group Inc. Announces Richard J. Wehrle Plans To Retire As Executive Vice President, Chief Financial Officer, And Treasurer; Agnes Kamps Appointed As Successor

<p>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 $230 to $235.</p>


DA Davidson Maintains Buy on Alamo Group, Raises Price Target to $235

<p>Alamo Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) today announced that Roderick ("Rock") R. Baty will retire from the Board of Directors effective April 30, 2024. Mr.&nbsp;Baty joined the Board in August 2011 and has served in various capacities during his tenure. Mr.&nbsp;Baty was appointed Independent Board Chair on May 3, 2018. Upon Mr.&nbsp;Baty's retirement from the Board, current Board member, Richard ("Rick") W. Parod, will be appointed the new Independent Board Chair effective April 30, 2024.</p>
<p>The Company also today announced that it has appointed Paul D. Householder as a new independent member of the Board effective February 22, 2024. Mr. Householder is the President and Chief Executive Officer of Ag Growth International Inc. (Toronto:&nbsp;AGN). Mr. Householder joined Ag Growth International Inc. in 2019 as Executive Vice President, International. In 2022, he was appointed President and Chief Executive Officer and elected to the Board of Directors. Ag Growth International Inc. is a manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, storage bins, handling accessories and aeration equipment. Prior to joining Ag Growth International Inc., Mr. Householder spent 28 years at Air Products &amp; Chemicals, Inc. (NYSE:&nbsp;APD), holding several global leadership roles focusing on continuous improvement, business development, sales, and engineering.</p>
<p>Alamo Chief Executive Officer and President, Jeffery A. Leonard, commented on the above changes as follows, "We will certainly miss Rock and want to thank him for his leadership and guidance in his role as Chair and for his devotion to the Company during his long tenure on the Board. He has been extremely instrumental in helping us get to where we are today. We are excited for Rick to step in as the new Independent Board Chair. We look forward to his capable leadership and guidance of the Board in the future. Finally, we are very pleased to have Paul join the Board and look forward to working with him. Paul brings decades of valuable international experience to the Board."</p>


Alamo Group Inc. Announces Richard ("Rick") W. Parod, Will Be Appointed The New Independent Board Chair Effective April 30, 2024

<p>Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) reported quarterly earnings of $2.63 per share which missed the analyst consensus estimate of $2.68 by 1.87 percent. This is a 7.79 percent increase over earnings of $2.44 per share from the same period last year.  The company reported quarterly sales of $417.54 million which missed the analyst consensus estimate of $419.42 million by 0.45 percent.  This is a 8.00 percent increase over sales of $386.60 million the same period last year.</p>


Alamo Group Q4 EPS $2.63 Misses $2.68 Estimate, Sales $417.54M Miss $419.42M Estimate

<p><strong>Alamo Group</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Alamo Group will report an <strong>earnings per share</strong> (EPS) of $2.68. </p>
<p>Alamo Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.24, which was followed by a 11.57% increase in the share price the next day.</p>
<p>Here's a look at Alamo Group's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.67</td>
<td>3.05</td>
<td>2.11</td>
<td>1.99</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.91</td>
<td>3.03</td>
<td>2.79</td>
<td>2.44</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>11.57%</td>
<td>-6.86%</td>
<td>2.95%</td>
<td>10.08%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708542159_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Alamo Group were trading at $215.92 as of February 20. Over the last 52-week period, shares are up 32.37%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/ALG/earnings"><strong>To track all earnings releases for Alamo Group visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Preview: Alamo Group's Earnings

ACHR

ACVA

AIRT

ALLE

AMRC

AMWD

ARRY

ASGN

BLDP

BLDR

CAAP

CARR

CHPT

CLVT

CNHI

ENVX

EOSE

EXPO

FCEL

FELE

FLNC

FREY

FTCI

FVRR

GNRC

JOBY

KRNT

LICY

MATW

MNTS

MYRG

NOTE

NPWR

NVRI

PLUG

PXDT

RELX

RKLB

SCWO

SHLS

SITE

SKYX

SPCE

SPWR

STEM

TGLS

TITN

UFPI

WLGS

XMTR

Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

<p>By the close of today, January 29, 2024, <b>Alamo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALG#NYSE">ALG</a>)</b> will issue a dividend payout of $0.26 per share, resulting in an annualized dividend yield of 0.49%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 12, 2024.</p>
<h3>Alamo Group Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-12</td>
<td style="text-align: right;">4</td>
<td>$0.26</td>
<td>0.49%</td>
<td>2024-01-02</td>
<td>2024-01-16</td>
<td>2024-01-29</td>
</tr>
<tr>
<td>2023-10-13</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>0.51%</td>
<td>2023-10-02</td>
<td>2023-10-16</td>
<td>2023-10-31</td>
</tr>
<tr>
<td>2023-07-17</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>0.48%</td>
<td>2023-07-03</td>
<td>2023-07-18</td>
<td>2023-08-01</td>
</tr>
<tr>
<td>2023-04-14</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>0.48%</td>
<td>2023-04-03</td>
<td>2023-04-17</td>
<td>2023-05-01</td>
</tr>
<tr>
<td>2023-01-17</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>0.62%</td>
<td>2023-01-03</td>
<td>2023-01-18</td>
<td>2023-02-01</td>
</tr>
<tr>
<td>2022-10-17</td>
<td style="text-align: right;">4</td>
<td>$0.18</td>
<td>0.59%</td>
<td>2022-10-03</td>
<td>2022-10-18</td>
<td>2022-11-01</td>
</tr>
<tr>
<td>2022-07-15</td>
<td style="text-align: right;">4</td>
<td>$0.18</td>
<td>0.62%</td>
<td>2022-07-01</td>
<td>2022-07-18</td>
<td>2022-08-01</td>
</tr>
<tr>
<td>2022-04-14</td>
<td style="text-align: right;">4</td>
<td>$0.18</td>
<td>0.5%</td>
<td>2022-04-04</td>
<td>2022-04-18</td>
<td>2022-05-02</td>
</tr>
<tr>
<td>2022-01-14</td>
<td style="text-align: right;">4</td>
<td>$0.18</td>
<td>0.49%</td>
<td>2022-01-03</td>
<td>2022-01-18</td>
<td>2022-02-01</td>
</tr>
<tr>
<td>2021-10-14</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>0.4%</td>
<td>2021-10-01</td>
<td>2021-10-15</td>
<td>2021-10-28</td>
</tr>
<tr>
<td>2021-07-14</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>0.37%</td>
<td>2021-07-01</td>
<td>2021-07-15</td>
<td>2021-07-28</td>
</tr>
<tr>
<td>2021-04-14</td>
<td style="text-align: right;">4</td>
<td>$0.14</td>
<td>0.36%</td>
<td>2021-04-01</td>
<td>2021-04-15</td>
<td>2021-04-29</td>
</tr>
</tbody>
</table>
<p>Alamo Group lags behind its industry peers in terms of dividend yield, with <b>Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>)</b> surpassing it with a higher annualized dividend yield of 1.53%.</p>
<h3>Analyzing Alamo Group Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706540735_0.png" alt="dividend chart graph" /></p>
<p>Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.52 to $0.88, indicating the company's dedication to enhancing shareholder value through increased dividends.</p>
<h3>YoY Earnings Growth For Alamo Group</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706540735_1.png" alt="earning chart graph" /></p>
<p>The earnings chart illustrates an increase in Alamo Group's earnings per share, from $5.34 in 2020 to $11.17 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.</p>
<h3>Recap</h3>
<p>In this article, we explore the recent dividend payout of Alamo Group and its significance for shareholders. The company has decided to distribute a dividend of $0.26 per share today, which equates to an annualized dividend yield of 0.49%.</p>
<p>Alamo Group lags behind its industry peers in terms of dividend yield, with Toro surpassing it with a higher annualized dividend yield of 1.53%.</p>
<p>The upward trend in dividend per share and earnings per share for Alamo Group from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.</p>
<p>Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.</p>
<p>[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Alamo Group's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

Achieving Growth and Investor Rewards: Alamo Group Flourishes with Strong Performance and Rising Profits

Third Avenue Small Cap Value Fund Q2 2024 Commentary

Alamo GAAP EPS of $2.35 misses by $0.37, revenue of $416.3M misses by $12.26M

In a report released today, Mircea Dobre from Robert W. Baird maintained a Buy rating on Alamo Group (ALG – Research Report), with a price target o...

Optimistic Outlook for Alamo Group Amidst Restructuring and Industrial Segment Growth

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Alamo Group</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/alg-stock-quote/"><strong>ALG</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>Alamo Group reported earnings per share of $2.35. This was below the analyst estimate for EPS of $2.72.</li><li>The company reported revenue of $416.30 million.</li><li>This was 2.86% worse than the analyst estimate for revenue of $428.56 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><p>The post <a href="https://investorplace.com/earning-results/2024/07/alg-stock-earnings-alamo-group-for-q2-of-2024/">ALG Stock Earnings: Alamo Group Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

ALG Stock Earnings: Alamo Group Misses EPS, Misses Revenue for Q2 2024

Alamo Group (ALG) has provided an update. Alamo Group Inc. has moved forward the vesting of restricted stock for Michael A. Haberman ahead of his r...

Alamo Group Executive Shake-Up and Stock Vesting Moves

Alamo Group Inc (ALG) Q2 2024 Earnings Call Transcript

Alamo Group: Solid Compounder At An Attractive Price

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>When it comes to indices that track the performance of small-cap companies in the U.S., the <strong>Russell 2000</strong>, a subset of the larger <strong>Russell 3000</strong>, comes to mind. This index comprises 2000 small-cap companies listed in the United States.</p>



<p>Recent market selloffs affected large market cap stocks significantly. Small market cap stocks <a target="_blank" href="https://www.indiatvnews.com/business/news/stock-market-update-sensex-drops-100-points-nifty-slips-below-24350-hdfc-bank-dips-bse-nse-midcap-smallcap-indices-japan-nikkei-asia-pacific-markets-2024-08-13-946643">slipped</a> their fair share globally as well. However, this market dip presents a unique opportunity.</p>



<p>Furthermore, lower interest rates &ndash;which we learn about a month from now in September&ndash; would be a massive boon to small-cap companies that need capital to scale up. The inflation report we see on August 14 gives us an idea of what to expect for interest rates next month. But don&rsquo;t act until it&rsquo;s too late! Buy these Russell 2000 stocks on the dip now!</p>



<h2><strong>GigaCloud Technology (GCT)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/ecommerce-300x169.jpg" alt="Miniature bags in a shopping cart sit on top of a laptop keyboard. e-commerce stocks to buy"><div>Source: William Potter/Shutterstock.com</div></div><p><strong>GigaCloud Technology </strong>(NASDAQ:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/gct-stock-quote/">GCT</a></strong>) is a leading B2B marketplace provider specializing in large goods industries such as furniture. <em><a target="_blank" href="https://finance.yahoo.com/quote/GCT/analysis/">Yahoo! Finance</a></em> reports three analysts predicting a 1-year price range on GCT between $42.00 and $69.00, with an average price target of $53.96. These estimates indicate a 132.88% 1-year upside.</p>



<p>GCT financials for Q2 2024 were strong, with revenue growing 103.1% YOY and net income growing 46.6% YOY. GCT appears to be an attractive investment with a TTM P/E multiple of <a target="_blank" href="https://seekingalpha.com/symbol/GCT/valuation/metrics">8.1</a>, meaning that the company is significantly undervalued within the B2B technology sector. This is further supported by analyst estimates of the forward price-to-book ratio being below the sector median.</p>



<p>The B2B services industry definitely supports a bull case behind GCT. It is projected to grow to over $1 billion by the end of 2033 at an astounding <a target="_blank" href="https://www.futuremarketinsights.com/reports/b2b-services-review-platforms-market#:~:text=The%20global%20B2B%20services%20review,for%20the%20next%20ten%20years.">13.8%</a> CAGR. One of the primary growth factors behind the industry&rsquo;s growth is a variety of businesses with established physical locations needing to grow their presence online. Large enterprises are expected to continue leading the charge behind growth, accounting for the industry&rsquo;s 26.6% CAGR from 2018 to 2022. Strong financials and robust industry growth make GCT one of the Russell 2000 stocks to buy on the dip.</p>



<h2><strong>M/I Homes (MHO)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/housing-market-wooden-houses-chart-1600-300x169.jpg" alt="Wooden houses next to chart symbolizing housing market"><div>Source: shutterstock.com/Andrii Yalanskyi</div></div><p><strong>M/I Homes</strong>(NYSE:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/mho-stock-quote/">MHO</a></strong>) is a stock that probably isn&rsquo;t in investor&rsquo;s portfolios. It&rsquo;s a residential property development company that mainly builds townhouses. MHO had modest YTD growth at <a target="_blank" href="https://finance.yahoo.com/quote/MHO/">7.62%</a>. Interestingly, the stock peaked at $167.60 before the selloffs, representing 24.2% growth YTD at the time.</p>



<p>MHO showed&nbsp; robust financials for Q2 2024. Revenue grew <a target="_blank" href="https://www.google.com/finance/quote/MHO:NYSE">9.4%</a> YOY and net profit margin grew 13.6% for Q2 2024. Additionally, MHO has consistently beat earnings for both EPS and revenue as well. Barring Q4 2023 and Q3 2023, it has <a target="_blank" href="https://www.tipranks.com/stocks/mho/earnings">beat</a> EPS and revenue estimates for five of the seven past quarters.</p>



<p>A consistently <a target="_blank" href="https://s26.q4cdn.com/420683219/files/Investor-Presentation-August-2024.pdf">decreasing</a> housing contract backlog is a positive indicator of MHO&rsquo;s future. Robust growth in financials and improvement in the housing contract backlog are both positive indicators for MHO&rsquo;s future. The company was an unfortunate victim of mass selloffs. However, that&rsquo;s exactly why it&rsquo;s one of the Russell 2000 stocks to buy on the dip.</p>



<h2><strong>Innodata (INOD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/binary-code-data-300x169.png" alt="Binary code data"><div>Source: carlos castilla/Shutterstock</div></div><p><strong>Innodata </strong>(NASDAQ:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/inod-stock-quote/">INOD</a></strong>) has a relatively small market cap of $476.29 million. The company provides services, products, and solutions that help clients manage information. <em><a target="_blank" href="https://finance.yahoo.com/quote/GCT/analysis/">Yahoo! Finance</a></em> reports two analysts predicting a 1-year price range on INOD between $30.00 and $38.00, with an average price target of $34.00.</p>



<p>INOD reported strong financials for Q2 2024. While the company didn&rsquo;t turn a profit, they reported a loss of $14,000. However, net profit margin grew <a target="_blank" href="https://www.google.com/finance/quote/INOD:NASDAQ?sca_esv=8073e08529232501&amp;sca_upv=1&amp;biw=1280&amp;bih=632&amp;output=search&amp;stick=H4sIAAAAAAAAAONgecRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uLj0c_UNzKtyTY3KeBax8vg5Brs4BlopePr5uwAAr3a17UkAAAA&amp;source=lnms&amp;fbs=AEQNm0Aa4sjWe7Rqy32pFwRj0UkWqORovHSwMjRl49vsSCc_V2nX4lvFr4XnFnlQ-BDTqwG0bGM8pm3Oa2YxJxFYpDLmMOPE2E44MmuBAfqw5BEYC5GThaX2mjgoU8f7kj-LBHthzGaImIugRK3dUDUaT2IRQqzGGXCRpiYSML34JOses4pObo_LlxhDc5_bPJ5bu6cH_nIfWC6Xnf7vgihstfe1onjXww&amp;sa=X&amp;ved=2ahUKEwjFpsiauvOHAxUmLkQIHWKbEKkQ0pQJegQIEBAB">99% YOY</a>. Revenue has consistently grown for the past five quarters. Additionally, revenue growth has outpaced operating expense growth for the four most recent quarters. Extremely strong, consistent top line growth bodes well for the company&rsquo;s future.</p>



<p>The company has also established a program with an undisclosed magnificent-seven partner, expected to generate <a target="_blank" href="https://feeds.issuerdirect.com/news-release.html?newsid=6208268223071103">$44 million</a> in annual revenue. While this development may already be priced in, it opens the door for continued partnerships with the magnificent-seven company in question or similar market peers. Strong financials and room for partner growth make INOD one of the Russell 2000 stocks to buy on the dip.</p>



<p><em>On the date of publication, Matthew Rodrigues did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines.</em></a></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or</em> <em>indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Matthew Rodrigues is a college student studying Business at UC Berkeley Haas. He believes detailed research and correct interpretation of current events is what leads to investment success.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>
<p>The post <a href="https://investorplace.com/2024/08/3-russell-2000-stocks-to-buy-on-the-dip-august-2024/">3 Russell 2000 Stocks to Buy on the Dip: August 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Alamo Group

Alamo Group (ALG) Forecast

Alamo Group (NYSE:ALG) Stock, Quote.Headers.trade-ideas