Louisiana State Employees Retirement System Purchases Shares of 5,200 Alamo Group Inc. (NYSE:ALG)

Louisiana State Employees Retirement System purchased a new stake in shares of Alamo Group Inc. (NYSE:ALG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,200 shares of the industrial products company’s stock, valued at approximately $1,093,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates bought a new stake in Alamo Group during the 4th quarter valued at about $215,000. Diversified Trust Co bought a new stake in Alamo Group during the 4th quarter valued at about $290,000. TIAA Trust National Association bought a new stake in Alamo Group during the 3rd quarter valued at about $257,000. Lido Advisors LLC bought a new stake in Alamo Group during the 3rd quarter valued at about $263,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Alamo Group by 91.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 2,509 shares of the industrial products company’s stock valued at $434,000 after purchasing an additional 1,196 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Alamo Group Stock Performance

Shares of ALG stock opened at $204.99 on Wednesday. The company has a 50 day moving average price of $211.20 and a 200-day moving average price of $199.26. Alamo Group Inc. has a 52 week low of $157.74 and a 52 week high of $231.40. The firm has a market capitalization of $2.47 billion, a PE ratio of 18.04 and a beta of 1.04. The company has a quick ratio of 1.99, a current ratio of 3.76 and a debt-to-equity ratio of 0.24.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.22). Alamo Group had a return on equity of 15.52% and a net margin of 8.06%. The company had revenue of $417.54 million during the quarter. As a group, equities research analysts expect that Alamo Group Inc. will post 13.17 earnings per share for the current year.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, April 15th. Alamo Group’s payout ratio is 9.15%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALG. DA Davidson raised their price objective on shares of Alamo Group from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. StockNews.com upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insider Buying and Selling

In related news, EVP Michael A. Haberman sold 418 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the transaction, the executive vice president now owns 19,206 shares of the company’s stock, valued at $4,299,647.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Alamo Group Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.