GAMMA Investing LLC Buys 125 Shares of Alamo Group, Inc. (NYSE:ALG)

GAMMA Investing LLC grew its stake in Alamo Group, Inc. (NYSE:ALG) by 110.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238 shares of the industrial products company’s stock after acquiring an additional 125 shares during the period. GAMMA Investing LLC’s holdings in Alamo Group were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ALG. Parallel Advisors LLC grew its stake in Alamo Group by 80.0% in the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Lazard Asset Management LLC bought a new position in Alamo Group in the 4th quarter worth about $79,000. Summit Investment Advisors Inc. grew its stake in Alamo Group by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company’s stock worth $199,000 after acquiring an additional 69 shares in the last quarter. Raymond James Financial Inc. bought a new position in Alamo Group in the 4th quarter worth about $200,000. Finally, Crestline Management LP bought a new position in Alamo Group in the 4th quarter worth about $205,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALG shares. Wall Street Zen upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. DA Davidson dropped their price objective on shares of Alamo Group from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Monday, April 21st.

Insider Activity at Alamo Group

In other Alamo Group news, EVP Richard Hodges Raborn sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total value of $100,920.00. Following the completion of the sale, the executive vice president directly owned 12,948 shares in the company, valued at $2,613,424.32. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total transaction of $705,320.00. Following the completion of the sale, the chief executive officer owned 40,913 shares of the company’s stock, valued at approximately $8,244,787.76. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

Alamo Group Price Performance

NYSE ALG opened at $226.89 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.62 and a current ratio of 4.30. The firm’s 50 day moving average price is $206.64 and its 200-day moving average price is $189.06. Alamo Group, Inc. has a 52-week low of $157.07 and a 52-week high of $230.16. The company has a market cap of $2.74 billion, a PE ratio of 23.63 and a beta of 1.08.

Alamo Group (NYSE:ALG) last announced its earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.32. The company had revenue of $390.95 million during the quarter, compared to the consensus estimate of $391.08 million. Alamo Group had a net margin of 7.25% and a return on equity of 11.56%. Sell-side analysts forecast that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.20 annualized dividend and a yield of 0.53%. Alamo Group’s dividend payout ratio (DPR) is 12.50%.

About Alamo Group

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.