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alamo group stock hits 52-week high at $214.58

Published 16/06/2025, 14:36
alamo group stock hits 52-week high at $214.58
ALG
1.23%

Alamo Group Inc (NYSE:ALG). stock reached a new 52-week high, trading at $214.58. With a market capitalization of $2.57 billion, the company maintains a "GREAT" financial health rating according to InvestingPro analysis, though technical indicators suggest the stock is currently in overbought territory. This milestone marks significant growth, with shares delivering an impressive 22.15% return over the past year and 14.67% year-to-date. The achievement of this 52-week high reflects investor confidence and strong performance, positioning Alamo Group stock favorably in the market. Based on InvestingPro’s Fair Value analysis, the stock appears slightly overvalued at current levels. For deeper insights into technical indicators and valuation metrics, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Alamo Group reported its first-quarter 2025 earnings, with earnings per share (EPS) of $2.65, surpassing the forecasted $2.29. However, the company’s revenue slightly missed expectations, registering at $391 million compared to the projected $392.2 million. Despite this, Alamo Group’s Industrial Equipment Division achieved record net sales of $227.1 million, marking a 12.5% organic growth. The company has also reached nearly-zero net debt, bolstering its financial position. DA Davidson raised the price target for Alamo Group shares to $225, maintaining a Buy rating, citing the company’s robust performance and healthy cash flow. The analyst suggests that Alamo Group may utilize its excess cash for mergers and acquisitions or share repurchases. Additionally, the company’s Vegetation Management Division is showing signs of recovery, with increased order bookings. Alamo Group remains optimistic about the latter half of 2025, with expectations for improvements in both the Industrial and Vegetation divisions.

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