Alliance Laundry Holdings Inc. (NYSE:ALH) Receives $30.33 Consensus Target Price from Analysts

Shares of Alliance Laundry Holdings Inc. (NYSE:ALH) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $30.3333.

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Alliance Laundry from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Citigroup boosted their price target on shares of Alliance Laundry from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Morgan Stanley upped their price objective on shares of Alliance Laundry from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Zacks Research raised shares of Alliance Laundry from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Weiss Ratings upgraded shares of Alliance Laundry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th.

Insiders Place Their Bets

In other Alliance Laundry news, insider Samantha Leigh Hannan sold 6,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $26.27, for a total value of $157,620.00. Following the transaction, the insider owned 292,066 shares of the company’s stock, valued at approximately $7,672,573.82. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Christopher Sikora sold 17,500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.15, for a total value of $457,625.00. Following the sale, the chief accounting officer owned 13,951 shares in the company, valued at $364,818.65. The trade was a 55.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 118,056 shares of company stock valued at $3,058,727. Company insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas acquired a new stake in Alliance Laundry in the 4th quarter valued at about $6,105,000. Element Capital Management LLC acquired a new position in shares of Alliance Laundry during the fourth quarter worth approximately $2,544,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Alliance Laundry during the fourth quarter worth approximately $3,209,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $14,951,000. Finally, Norges Bank bought a new stake in shares of Alliance Laundry during the fourth quarter valued at approximately $55,962,000.

Alliance Laundry Price Performance

Alliance Laundry stock opened at $25.59 on Friday. The stock’s 50 day moving average is $25.52. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.37 and a quick ratio of 1.05. The company has a market cap of $5.08 billion and a P/E ratio of 30.83. Alliance Laundry has a one year low of $18.64 and a one year high of $27.48.

Alliance Laundry (NYSE:ALH) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $426.89 million during the quarter. Alliance Laundry’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. Equities analysts anticipate that Alliance Laundry will post 1.29 earnings per share for the current fiscal year.

About Alliance Laundry

Alliance Laundry Systems (NYSE: ALH) is a manufacturer and distributor of commercial and residential laundry equipment and related services. The company designs, produces and sells a range of coin-operated and vended machines, on-premises washers and dryers, and allied equipment for laundromats, multi-housing, hospitality, healthcare and other institutional customers. Alliance’s product strategy emphasizes durable, high-throughput machines for professional laundry operators as well as appliances geared to self-service and multi-dwelling applications.

Its product portfolio includes coin-operated and card-operated washers and dryers, stacked and single-pocket models, industrial-grade on-premises equipment, and parts and accessories.