BNP Paribas Financial Markets Increases Stake in Alamo Group Inc. (NYSE:ALG)

BNP Paribas Financial Markets increased its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,109 shares of the industrial products company's stock after purchasing an additional 2,069 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Alamo Group worth $1,508,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after buying an additional 168 shares in the last quarter. KBC Group NV boosted its position in Alamo Group by 57.1% during the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after purchasing an additional 189 shares during the period. Summit Investment Advisors Inc. boosted its position in Alamo Group by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock worth $199,000 after purchasing an additional 69 shares during the period. Raymond James Financial Inc. bought a new position in Alamo Group during the fourth quarter worth $200,000. Finally, Choreo LLC bought a new position in Alamo Group during the fourth quarter worth $201,000. 92.36% of the stock is owned by institutional investors.

Insider Activity at Alamo Group

In related news, EVP Richard Hodges Raborn sold 500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $201.84, for a total value of $100,920.00. Following the transaction, the executive vice president now directly owns 12,948 shares in the company, valued at $2,613,424.32. This trade represents a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total value of $705,320.00. Following the completion of the transaction, the chief executive officer now owns 40,913 shares in the company, valued at approximately $8,244,787.76. This represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Alamo Group Price Performance

NYSE ALG traded down $1.88 during trading on Friday, hitting $196.85. 60,573 shares of the company's stock were exchanged, compared to its average volume of 95,141. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.38 billion, a PE ratio of 19.82 and a beta of 1.02. Alamo Group Inc. has a fifty-two week low of $157.07 and a fifty-two week high of $205.62. The stock's 50 day moving average price is $178.99 and its two-hundred day moving average price is $184.80.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.32. The company had revenue of $390.95 million for the quarter, compared to analysts' expectations of $391.08 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. Research analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group's payout ratio is presently 12.50%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ALG. Wall Street Zen raised Alamo Group from a "hold" rating to a "buy" rating in a report on Thursday. Industrial Alliance Securities set a $217.00 price target on Alamo Group in a research note on Monday, March 3rd. Baird R W downgraded Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. DA Davidson dropped their price target on Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Robert W. Baird downgraded Alamo Group from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $224.00 to $177.00 in a research note on Friday, February 28th.

About Alamo Group

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.