Grandeur Peak Global Advisors LLC Takes $1.63 Million Position in Alamo Group, Inc. $ALG

Grandeur Peak Global Advisors LLC bought a new stake in Alamo Group, Inc. (NYSE:ALG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,935 shares of the industrial products company's stock, valued at approximately $1,634,000. Grandeur Peak Global Advisors LLC owned about 0.08% of Alamo Group at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in Alamo Group in the 2nd quarter worth about $35,000. Jones Financial Companies Lllp lifted its holdings 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 worth $58,000 after acquiring an additional 314 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Alamo Group in the second quarter worth approximately $87,000. Kestra Advisory Services LLC purchased a new stake in Alamo Group in the fourth quarter valued at approximately $76,000. Finally, Globeflex Capital L P acquired a new position in Alamo Group during the second quarter worth approximately $100,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson reaffirmed a "neutral" rating and set a $188.00 price target on shares of Alamo Group in a research note on Wednesday, July 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of Alamo Group in a research note on Friday, August 21st. Finally, Zacks Research upgraded Alamo Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $188.00.

Insiders Place Their Bets

In related news, EVP Edward Rizzuti sold 2,715 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total transaction of $446,373.15. Following the completion of the sale, the executive vice president directly owned 8,142 shares of the company's stock, valued at approximately $1,338,626.22. This represents a 25.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.06% of the company's stock.

Alamo Group Stock Down 0.4%

Shares of NYSE:ALG opened at $164.19 on Friday. Alamo Group, Inc. has a 1 year low of $145.76 and a 1 year high of $219.88. The stock has a 50-day simple moving average of $164.29 and a 200-day simple moving average of $169.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.48 and a current ratio of 4.39. The stock has a market capitalization of $2.00 billion, a P/E ratio of 19.69, a PEG ratio of 0.98 and a beta of 1.10.

Alamo Group (NYSE:ALG - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $0.08. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. The firm had revenue of $450.73 million for the quarter, compared to analysts' expectations of $437.48 million. Equities analysts forecast that Alamo Group, Inc. will post 10.56 earnings per share for the current year.

Alamo Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Thursday, July 16th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, July 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Alamo Group's payout ratio is presently 16.31%.

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.

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