Dynamic Technology Lab Private Ltd Buys New Holdings in Alamo Group, Inc. $ALG

Dynamic Technology Lab Private Ltd acquired a new stake in Alamo Group, Inc. (NYSE:ALG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,020 shares of the industrial products company’s stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALG. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Alamo Group by 8.3% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,292 shares of the industrial products company’s stock valued at $1,811,000 after acquiring an additional 635 shares during the last quarter. AlphaQuest LLC purchased a new position in Alamo Group during the 3rd quarter worth $3,324,000. Tributary Capital Management LLC grew its stake in Alamo Group by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock worth $38,895,000 after buying an additional 97,898 shares during the last quarter. Jump Financial LLC increased its position in Alamo Group by 203.0% during the 2nd quarter. Jump Financial LLC now owns 25,508 shares of the industrial products company’s stock valued at $5,570,000 after buying an additional 17,089 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Alamo Group by 2.1% in the second quarter. Geode Capital Management LLC now owns 243,470 shares of the industrial products company’s stock valued at $53,176,000 after buying an additional 4,927 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Up 1.4%

ALG stock opened at $170.32 on Wednesday. The company has a market capitalization of $2.06 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. Alamo Group, Inc. has a 12 month low of $156.29 and a 12 month high of $233.29. The firm’s fifty day simple moving average is $194.66 and its 200-day simple moving average is $187.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.57 and a quick ratio of 2.82.

Alamo Group (NYSE:ALG) last issued its earnings results on Monday, March 2nd. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.36). The business had revenue of $373.65 million for the quarter, compared to analysts’ expectations of $405.18 million. Alamo Group had a return on equity of 10.04% and a net margin of 6.47%. As a group, equities research analysts forecast that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 16th were paid a $0.34 dividend. The ex-dividend date was Friday, January 16th. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Alamo Group’s dividend payout ratio (DPR) is currently 15.83%.

Analysts Set New Price Targets

ALG has been the topic of several recent analyst reports. CJS Securities upgraded shares of Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research lowered shares of Alamo Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. Finally, DA Davidson reissued a “neutral” rating and set a $190.00 price objective on shares of Alamo Group in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $225.00.

About Alamo Group

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.