Jupiter Topco LLC Takes Position in Alamo Group, Inc. $ALG

Key Points

• Jupiter Topco LLC acquired 173,979 Alamo Group shares in the second quarter, worth approximately $28.6 million and representing about 1.43% of the company. Institutional investors and hedge funds collectively own 92.36% of ALG.
• Alamo Group exceeded quarterly expectations, reporting $2.82 in EPS versus the $2.74 estimate and revenue of $450.73 million compared with the $437.48 million consensus.
• ALG recently paid a quarterly dividend of $0.34 per share, equal to a $1.36 annualized payout and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $188, versus the stock’s reported price of $165.09.

Jupiter Topco LLC purchased a new position in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 173,979 shares of the industrial products company's stock, valued at approximately $28,617,000. Jupiter Topco LLC owned about 1.43% of Alamo Group as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Alamo Group during the second quarter valued at approximately $35,000. Jones Financial Companies Lllp boosted its stake in shares of Alamo Group by 3,140.0% in the first 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 last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Alamo Group in the fourth quarter worth approximately $76,000. State of Wyoming increased its position in shares of Alamo Group by 76.5% during the fourth quarter. State of Wyoming now owns 473 shares of the industrial products company's stock worth $79,000 after purchasing an additional 205 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Alamo Group by 861.5% in the 4th quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 448 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group Price Performance

ALG stock opened at $165.09 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.39 and a quick ratio of 2.48. The business has a 50 day simple moving average of $164.36 and a 200-day simple moving average of $169.07. The firm has a market capitalization of $2.01 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10. Alamo Group, Inc. has a 1 year low of $145.76 and a 1 year high of $219.88.

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

Alamo Group Announces Dividend

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

Insider Activity at Alamo Group

In other news, EVP Edward Rizzuti sold 2,715 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total transaction of $446,373.15. Following the transaction, the executive vice president owned 8,142 shares of the company's stock, valued at approximately $1,338,626.22. The trade was a 25.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALG has been the topic of a number of research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Alamo Group in a report on Friday, August 21st. DA Davidson reaffirmed a "neutral" rating and set a $188.00 target price on shares of Alamo Group in a report on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Alamo Group from a "strong sell" rating to a "hold" rating in a research 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 given a Hold rating to the company. According to data from MarketBeat, Alamo Group has an average rating of "Moderate Buy" and an average price target of $188.00.

Alamo Group Profile

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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