Neumeier Poma Investment Counsel LLC acquired a new stake in Alamo Group, Inc. (NYSE:ALG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 81,490 shares of the industrial products company's stock, valued at approximately $13,404,290. Neumeier Poma Investment Counsel LLC owned 0.67% of Alamo Group at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of Alamo Group by 209.0% in the fourth quarter. Natixis Advisors LLC now owns 49,217 shares of the industrial products company's stock worth $8,262,000 after purchasing an additional 33,291 shares during the period. Vanguard Group Inc. lifted its position in shares of Alamo Group by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company's stock worth $134,000,000 after purchasing an additional 12,499 shares during the period. UBS Group AG lifted its holdings in shares of Alamo Group by 26.7% during the fourth quarter. UBS Group AG now owns 58,708 shares of the industrial products company's stock valued at $9,855,000 after purchasing an additional 12,361 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Alamo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 167,983 shares of the industrial products company's stock valued at $27,713,000 after purchasing an additional 20,410 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Alamo Group by 47.3% in the first quarter. Sei Investments Co. now owns 49,937 shares of the industrial products company's stock valued at $8,236,000 after acquiring an additional 16,034 shares during the period. Institutional investors own 92.36% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. DA Davidson reaffirmed a "neutral" rating and set a $188.00 price objective 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 report 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 analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $188.00.
View Our Latest Research Report on Alamo Group
Insider Buying and Selling
In other news, EVP Edward Rizzuti sold 2,715 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the transaction, the executive vice president directly owned 8,142 shares in the company, valued at approximately $1,338,626.22. This trade represents a 25.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company's stock.
Alamo Group Trading Down 0.3%
NYSE:ALG traded down $0.48 during midday trading on Friday, reaching $163.64. 86,276 shares of the stock traded hands, compared to its average volume of 157,608. 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 $1.99 billion, a P/E ratio of 19.62, a PEG ratio of 0.98 and a beta of 1.10. The company has a fifty day moving average of $164.29 and a 200 day moving average of $169.09. Alamo Group, Inc. has a 12 month low of $145.76 and a 12 month high of $219.88.
Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.08. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. The company had revenue of $450.73 million during the quarter, compared to analysts' expectations of $437.48 million. On average, research analysts predict that Alamo Group, Inc. will post 10.56 EPS for the current year.
Alamo Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 16th. Alamo Group's payout ratio is presently 16.31%.
About Alamo Group
(
Free Report)
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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