Alamo Group, Inc. $ALG Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 359.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,188 shares of the industrial products company’s stock after purchasing an additional 4,842 shares during the period. Tudor Investment Corp ET AL owned 0.05% of Alamo Group worth $1,181,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in shares of Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after buying an additional 314 shares during the period. MAI Capital Management purchased a new position in shares of Alamo Group in the 3rd quarter worth $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Alamo Group in the second quarter valued at $87,000. Globeflex Capital L P acquired a new position in Alamo Group in the second quarter valued at $100,000. Finally, Tower Research Capital LLC TRC grew its position in Alamo Group by 152.4% during the second quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 518 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert Paul Hureau acquired 460 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $164.40 per share, for a total transaction of $75,624.00. Following the completion of the purchase, the chief executive officer directly owned 12,506 shares of the company’s stock, valued at approximately $2,055,986.40. This trade represents a 3.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward Rizzuti sold 600 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $170.93, for a total transaction of $102,558.00. Following the transaction, the executive vice president directly owned 10,857 shares in the company, valued at approximately $1,855,787.01. The trade was a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ALG shares. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. DA Davidson reiterated a “neutral” rating and set a $190.00 target price on shares of Alamo Group in a report on Monday, March 9th. CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. William Blair began coverage on shares of Alamo Group in a report on Monday, March 16th. They issued an “outperform” rating on the stock. Finally, Zacks Research cut shares of Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $225.00.

Alamo Group Trading Down 0.2%

NYSE:ALG opened at $166.71 on Monday. The business’s 50-day moving average is $190.81 and its two-hundred day moving average is $183.22. The firm has a market capitalization of $2.02 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.01 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 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 for the quarter, missing the consensus estimate of $2.06 by ($0.36). Alamo Group had a return on equity of 10.04% and a net margin of 6.47%.The company had revenue of $373.65 million during the quarter, compared to analysts’ expectations of $405.18 million. Research analysts predict that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

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

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.