How to Buy Alamo Group Stock
Alamo Group Inc
Alamo Group is a agriculture company located in Texas, United States, which is part of the Industrials sector, and is traded under the ticker ALG on the NYSE exchange.
Alamo Group stock last closed at $198.52, down 0.56% from the previous day, and has increased 13.04% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.05 percentage points. Alamo Group stock is currently +25.85% from its 52-week low of $157.74, and -14.21% from its 52-week high of $231.40.
There are currently 12.02M shares of ALG outstanding. The market cap of ALG is $2.39B. In the last 24 hours, 51,044 ALG shares were traded.
How to Buy Alamo Group Stock
Not sure how to invest in Alamo Group stock? Here's how.
- Choose where to buy Alamo Group stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Alamo Group stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Pick your payment method and add your details.
- Evaluate Alamo Group stock: The Alamo Group ticker symbol is ALG. Is Alamo Group stock a good investment? Should you buy shares of ALG? How do ALG's underlying business fundamentals look? Do top analysts think Alamo Group is a good buy? Why has ALG's stock price moved recently? (Hint: Our stock market analysis website can help you decide if ALG is a good stock to buy).
- Place your ALG purchase: Decide if you will purchase ALG shares at the current market price or use a limit order to buy ALG shares at a specific price.
- Get notifications regarding your ALG position: Create a watchlist to important updates regarding your position in Alamo Group shares.
Step 1: Choose where to buy Alamo Group stock
You will need an online brokerage account to access the NYSE market and buy ALG shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to invest in ALG today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your investment account
Now that you've created your account on the best stock buying app, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing money into your new investment account.
Step 4: Evaluate Alamo Group stock
Once you have figured out the best place to buy Alamo Group stock, it's crucial to analyze their stock before you buy, so you actually wrap your head around the risk as well as the upside.
Alamo Group Numbers
ALG Zen Score
WallStreetZen was built to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on ALG's stock page.
Is ALG stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge ALG's true value.
Using relative valuations ratios:
- ALG could be overvalued based on its P/E ratio of 17.38x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 13.76x
- ALG could be undervalued based on its P/B ratio of 2.56x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.74x
- ALG could be overvalued based on its PEG ratio of 1.89x
You can access more valuation research on ALG's stock here.
ALG Financial Health Summary
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the ALG balance sheet.
- ALG earnings of $201.21M is not sufficient to cover its interest payments.
- ALG profit margin has gone up from 6.7% to 8.1% in the past year.
- There are more short-term assets than short-term liabilities on the ALG balance sheet.
- ALG's operating cash flow of $131.15M allows it to safely service it's debt of $235.28M.
Negative Health Checks:
- ALG has a relatively high debt to equity ratio of 0.51.
- Total ALG debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy ALG stock
Out of 1 Wall Street analysts who track ALG, the consensus analyst rating on Alamo Group is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Alamo Group stock forecast page.
ALG Trading Indicators
Is ALG Making Money?
Last year, ALG earnings were $136.16M. Over the past 5 year, ALG's earnings have increased by 12.63% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 19.27%.
Last year, ALG revenue was $1.69B. In the past 5 year, ALG's revenue has gone up by 10.87% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 6.51%.
You can analyze ALG's earnings and revenue performance here.
Are ALG executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at ALG have sold more shares than they have bought.
Michael A. Haberman, EVP Industrial Equipment of ALG, was the latest ALG insider to sell. They sold $686,585.50 worth of ALG stock on Mar 28, 2024.
Dig into more about who owns ALG shares here.
Does ALG stock generate passive income?
Alamo Group pays a dividend of 0.48%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 2.75%. If you owned $1,000 of ALG stock, you would have received $4.84 in the past year.
Alamo Group dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Alamo Group dividend yield and history here.
What others are saying about ALG
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your ALG purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Press the Open button and your broker will place your order.
If you require additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your ALG position
Now that you own some shares in ALG, you'll want to keep up with your shares.
Add ALG to a watchlist to keep tabs on your ALG stock.
ALG Feed
How to Buy Stock in Alamo Group
To reiterate, here are the 6 steps you need to take to buy Alamo Group stock right now:
- Choose where to buy Alamo Group stock
- Sign up for your brokerage account
- Put funds into your investment account
- Evaluate Alamo Group stock
- Place your ALG purchase
- Get notifications regarding your ALG position
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your investment in Alamo Group, add ALG to your watchlist by clicking the button below.
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