Swiss National Bank Trims Holdings in Alamo Group, Inc. $ALG

Swiss National Bank decreased its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 1.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,900 shares of the industrial products company’s stock after selling 200 shares during the quarter. Swiss National Bank owned about 0.16% of Alamo Group worth $3,546,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its position in Alamo Group by 30.0% during the first quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company’s stock worth $47,000 after buying an additional 61 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Alamo Group by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company’s stock valued at $199,000 after purchasing an additional 69 shares during the period. Parallel Advisors LLC raised its position in Alamo Group by 80.0% in the first quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. New York State Teachers Retirement System raised its position in 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 valued at $448,000 after purchasing an additional 100 shares during the period. Finally, Heritage Family Offices LLP raised its position in Alamo Group by 8.3% in the first quarter. Heritage Family Offices LLP now owns 1,358 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Trading Down 2.4%

Shares of NYSE ALG opened at $214.8840 on Thursday. Alamo Group, Inc. has a twelve month low of $157.07 and a twelve month high of $233.29. The company has a current ratio of 4.56, a quick ratio of 2.76 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $220.34 and a 200-day simple moving average of $196.64. The stock has a market capitalization of $2.60 billion, a PE ratio of 21.88, a PEG ratio of 1.15 and a beta of 1.10.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.12). Alamo Group had a net margin of 7.41% and a return on equity of 11.45%. The firm had revenue of $419.07 million during the quarter, compared to analyst estimates of $406.75 million. On average, equities analysts forecast that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Wednesday, July 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. Alamo Group’s payout ratio is presently 12.22%.

Analyst Ratings Changes

ALG has been the topic of a number of research analyst reports. Baird R W upgraded Alamo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. Wall Street Zen upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. DA Davidson restated a “neutral” rating and issued a $225.00 target price on shares of Alamo Group in a research report on Tuesday, July 22nd. Finally, Robert W. Baird upgraded Alamo Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $209.00 to $260.00 in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Alamo Group presently has a consensus rating of “Buy” and a consensus target price of $234.00.

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.