Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Alamo Group ( (ALG) ).
On January 26, 2026, Alamo Group Inc. completed its previously announced acquisition of Petersen Industries, a manufacturer of specialized truck-mounted grapple loader equipment serving municipal and industrial customers, for approximately $166.5 million on a cash-free, debt-free basis, following the signing of a definitive purchase agreement on December 10, 2025. The deal is intended to reinforce Petersen’s market-leading position and broaden its sales reach by leveraging Alamo’s established distribution channels, signaling a strategic expansion of Alamo’s product portfolio in infrastructure and waste-handling equipment and underscoring its focus on long-term value creation for customers and other stakeholders.
The most recent analyst rating on (ALG) stock is a Buy with a $210.00 price target. To see the full list of analyst forecasts on Alamo Group stock, see the ALG Stock Forecast page.
Spark’s Take on ALG Stock
According to Spark, TipRanks’ AI Analyst, ALG is a Outperform.
Alamo Group’s overall stock score reflects a strong financial position and strategic growth initiatives, such as the acquisition of Petersen Industries. However, technical indicators suggest potential bearish momentum, and challenges in the Vegetation Management division weigh on the outlook. The stock is reasonably valued, but cash flow management remains a concern.
To see Spark’s full report on ALG stock, click here.
More about Alamo Group
Alamo Group Inc., listed on the NYSE under the symbol ALG, is a leading global manufacturer of high-quality industrial and vegetation management equipment used in public and private infrastructure maintenance and responsible land management. Its portfolio spans vacuum trucks, hydro-excavator machines, street sweepers, truck-mounted grapple machines, snow and ice removal equipment, tractor-mounted mowing attachments, recycling and tree care equipment, and related aftermarket parts and services, produced across 27 plants in North America, Europe, Australia and Brazil as of September 30, 2025.
Average Trading Volume: 120,161
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.32B
Find detailed analytics on ALG stock on TipRanks’ Stock Analysis page.