Xact Kapitalforvaltning AB purchased a new position in shares of Alamo Group, Inc. (NYSE:ALG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,779 shares of the industrial products company’s stock, valued at approximately $201,000.
Several other institutional investors have also bought and sold shares of the business. Teachers Advisors LLC boosted its holdings in shares of Alamo Group by 3.4% during the 4th quarter. Teachers Advisors LLC now owns 18,074 shares of the industrial products company’s stock worth $2,040,000 after buying an additional 590 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Alamo Group by 202.6% during the 4th quarter. LS Investment Advisors LLC now owns 1,065 shares of the industrial products company’s stock worth $120,000 after buying an additional 713 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Alamo Group by 5.0% during the 4th quarter. Swiss National Bank now owns 16,800 shares of the industrial products company’s stock worth $1,896,000 after buying an additional 800 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Alamo Group during the 3rd quarter worth approximately $111,000. Finally, Ramsey Quantitative Systems bought a new position in shares of Alamo Group during the 4th quarter worth approximately $125,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.
Shares of ALG opened at $117.12 on Friday. Alamo Group, Inc. has a 12-month low of $74.43 and a 12-month high of $120.58. The company has a current ratio of 3.87, a quick ratio of 2.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1,373.64, a P/E ratio of 25.64 and a beta of 0.93.
Alamo Group (NYSE:ALG) last issued its earnings results on Thursday, March 1st. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Alamo Group had a return on equity of 12.49% and a net margin of 4.86%. The company had revenue of $243.26 million for the quarter, compared to analysts’ expectations of $229.40 million. sell-side analysts forecast that Alamo Group, Inc. will post 5.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Monday, April 16th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Friday, April 13th. Alamo Group’s dividend payout ratio is currently 9.50%.
In related news, Director Rick Parod acquired 1,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were acquired at an average cost of $114.68 per share, for a total transaction of $114,680.00. Following the purchase, the director now owns 1,420 shares in the company, valued at $162,845.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dan Edward Malone sold 900 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $114.39, for a total value of $102,951.00. Following the transaction, the vice president now owns 11,150 shares in the company, valued at $1,275,448.50. The disclosure for this sale can be found here. 3.48% of the stock is owned by company insiders.
A number of research firms have issued reports on ALG. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Alamo Group currently has a consensus rating of “Hold” and an average target price of $105.00.
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Alamo Group Profile
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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