American Century Companies Inc. Raises Stock Position in Alamo Group, Inc. $ALG

American Century Companies Inc. lifted its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 201.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,720 shares of the industrial products company’s stock after purchasing an additional 102,751 shares during the quarter. American Century Companies Inc. owned about 1.27% of Alamo Group worth $33,569,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE increased its stake in Alamo Group by 7.1% during the 1st quarter. US Bancorp DE now owns 17,943 shares of the industrial products company’s stock worth $3,198,000 after buying an additional 1,182 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of Alamo Group by 22.9% in the first quarter. Westwood Holdings Group Inc. now owns 400,860 shares of the industrial products company’s stock worth $71,437,000 after acquiring an additional 74,679 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Alamo Group by 6.6% in the first quarter. Vanguard Group Inc. now owns 768,973 shares of the industrial products company’s stock worth $137,039,000 after acquiring an additional 47,819 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Alamo Group by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 146,724 shares of the industrial products company’s stock worth $26,148,000 after acquiring an additional 5,679 shares during the period. Finally, Invesco Ltd. increased its position in shares of Alamo Group by 3.9% during the first quarter. Invesco Ltd. now owns 42,137 shares of the industrial products company’s stock worth $7,509,000 after acquiring an additional 1,599 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Price Performance

Shares of NYSE ALG opened at $160.37 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of 16.33, a P/E/G ratio of 0.94 and a beta of 1.13. Alamo Group, Inc. has a twelve month low of $156.29 and a twelve month high of $233.29. The stock has a 50 day moving average of $178.23 and a two-hundred day moving average of $201.45. The company has a current ratio of 4.56, a quick ratio of 2.76 and a debt-to-equity ratio of 0.18.

Alamo Group (NYSE:ALG) last announced its earnings results on Thursday, November 6th. The industrial products company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a net margin of 7.41% and a return on equity of 11.45%. The business had revenue of $420.04 million during the quarter, compared to analyst estimates of $407.55 million. On average, research analysts forecast that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 28th. Shareholders of record on Wednesday, October 15th were paid a $0.30 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. Alamo Group’s payout ratio is currently 12.45%.

Analyst Ratings Changes

Several research firms recently commented on ALG. Baird R W raised Alamo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Wall Street Zen lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research downgraded Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. DA Davidson cut their target price on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alamo Group presently has an average rating of “Hold” and a consensus target price of $222.33.

Insider Activity at Alamo Group

In other Alamo Group news, CEO Robert Paul Hureau bought 600 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $167.77 per share, for a total transaction of $100,662.00. Following the completion of the purchase, the chief executive officer owned 11,588 shares of the company’s stock, valued at approximately $1,944,118.76. This represents a 5.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.18% of the company’s stock.

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.