Alamo Group

ALG · NYSE

$148.95+$0.22 (+0.15%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $148.73

ALG analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $207.57 (+39.4% upside)

Low: $189.88
Now: $148.95
High: $226.80

Upgrades and downgrades

The latest rating actions, newest first

ALG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Jul 1, 2026	Maintains	Neutral	$188.00	54%
DA Davidson	May 11, 2026	Maintains	Neutral	$190.00 → $188.00	54%
DA Davidson	Apr 29, 2026	Maintains	Neutral	$190.00	54%
William Blair	Mar 16, 2026	Initiates	Outperform	—	60%
DA Davidson	Mar 9, 2026	Maintains	Neutral	$190.00	54%
DA Davidson	Nov 11, 2025	Maintains	Neutral	$225.00 → $190.00	54%

The case for and against

Updated Oct 14, 2026

Bull case

Alamo Group is supported by a promising setup in which Vegetation Management posted its first year-over-year increase in 10 quarters, while management signaled that Industrial quoting activity could improve after July 1 and that both segments may begin growing in tandem again. The company also appears to have meaningful capital allocation upside, as it is accelerating M&A plans supported by a strong free cash flow profile and ample balance sheet capacity. Longer term, the new CEO’s goals of double-digit top-line growth and 18%+ EBITDA margins would indicate a higher-quality earnings profile and stronger valuation potential if execution continues.

Bear case

Alamo Group is exposed to heavy reliance on local-government spending, so weaker budget allocations or fading stimulus support could quickly pressure sales and earnings across its vegetation management and infrastructure maintenance lines. Its agricultural exposure adds another layer of risk because crop prices, weather, and replacement-cycle sentiment can change rapidly, while competitive pressure and new technologies may erode product differentiation. The bearish view is further reinforced by execution risk: expected margin improvements, brand synergies, and M&A-driven growth may not materialize, and its small-cap share trading can be thin and volatile.

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