17,410 Shares in Alamo Group, Inc. $ALG Bought by AlphaQuest LLC

AlphaQuest LLC acquired a new stake in shares of Alamo Group, Inc. (NYSE:ALG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 17,410 shares of the industrial products company’s stock, valued at approximately $3,324,000. AlphaQuest LLC owned 0.14% of Alamo Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can increased its position in shares of Alamo Group by 2.4% during the second quarter. Bank of Montreal Can now owns 1,947 shares of the industrial products company’s stock valued at $425,000 after buying an additional 45 shares during the period. Hudson Edge Investment Partners Inc. grew its stake in Alamo Group by 1.5% in the third quarter. Hudson Edge Investment Partners Inc. now owns 4,372 shares of the industrial products company’s stock worth $835,000 after purchasing an additional 65 shares during the period. Amalgamated Bank raised its holdings in Alamo Group by 3.2% in the third quarter. Amalgamated Bank now owns 3,054 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 94 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Alamo Group by 2.0% during the third quarter. Louisiana State Employees Retirement System now owns 5,000 shares of the industrial products company’s stock valued at $954,000 after buying an additional 100 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Alamo Group by 4.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 2,472 shares of the industrial products company’s stock valued at $472,000 after buying an additional 100 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Performance

ALG stock opened at $193.42 on Friday. The stock’s 50 day simple moving average is $176.53 and its 200 day simple moving average is $191.49. The company has a current ratio of 4.43, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17. Alamo Group, Inc. has a 12-month low of $156.29 and a 12-month high of $233.29. The stock has a market capitalization of $2.34 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.27). Alamo Group had a return on equity of 11.11% and a net margin of 7.20%.The business had revenue of $420.04 million during the quarter, compared to analysts’ expectations of $407.55 million. As a group, research analysts forecast that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, January 16th. This represents a $1.36 annualized dividend and a yield of 0.7%. This is an increase from Alamo Group’s previous quarterly dividend of $0.30. Alamo Group’s dividend payout ratio (DPR) is currently 14.11%.

Insider Activity

In related news, CEO Robert Paul Hureau purchased 304 shares of Alamo Group stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average cost of $163.48 per share, for a total transaction of $49,697.92. Following the completion of the purchase, the chief executive officer directly owned 12,046 shares of the company’s stock, valued at $1,969,280.08. The trade was a 2.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 1,058 shares of company stock worth $175,209. Company insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ALG. CJS Securities upgraded shares of Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. Wall Street Zen lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. DA Davidson cut their price target on 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, Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Alamo Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.33.

Alamo Group Company Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.