Nisa Investment Advisors LLC Acquires 61 Shares of Alamo Group, Inc. (NYSE:ALG)

Nisa Investment Advisors LLC increased its holdings in Alamo Group, Inc. (NYSE:ALG) by 30.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 264 shares of the industrial products company’s stock after buying an additional 61 shares during the period. Nisa Investment Advisors LLC’s holdings in Alamo Group were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. New York State Teachers Retirement System boosted its holdings in shares of Alamo Group by 4.1% in the first quarter. New York State Teachers Retirement System now owns 2,512 shares of the industrial products company’s stock worth $448,000 after acquiring an additional 100 shares during the period. Principal Financial Group Inc. lifted its holdings in Alamo Group by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 58,673 shares of the industrial products company’s stock worth $10,456,000 after purchasing an additional 1,737 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Alamo Group by 110.6% during the 1st quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 125 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Alamo Group by 4.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 699,563 shares of the industrial products company’s stock worth $125,732,000 after purchasing an additional 26,835 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Alamo Group by 63.9% during the 4th quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company’s stock valued at $819,000 after buying an additional 1,718 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Alamo Group Stock Down 0.5%

Shares of NYSE ALG opened at $216.85 on Friday. The company has a current ratio of 4.30, a quick ratio of 2.62 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $211.84 and a 200-day moving average of $190.44. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 22.59 and a beta of 1.08. Alamo Group, Inc. has a 12 month low of $157.07 and a 12 month high of $230.16.

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

Alamo Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Wednesday, July 16th will be given 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 0.55%. Alamo Group’s dividend payout ratio (DPR) is presently 12.50%.

Insiders Place Their Bets

In related news, CEO Jeffery Allen Leonard sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total value of $705,320.00. Following the completion of the sale, the chief executive officer owned 40,913 shares in the company, valued at $8,244,787.76. The trade was a 7.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Richard Hodges Raborn sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was 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 of the company’s stock, valued at approximately $2,613,424.32. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALG has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. DA Davidson cut their price target on shares of Alamo Group from $217.00 to $195.00 and set a “buy” rating for the company in a report on Monday, April 21st.

Alamo Group Company 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.