Neumeier Poma Investment Counsel LLC Trims Position in Alamo Group, Inc. (NYSE:ALG)

Key Points

• Neumeier Poma Investment Counsel LLC has reduced its stake in Alamo Group, Inc. by 26.2%, now owning 63,004 shares valued at approximately $11.2 million.
• CEO Jeffery Allen Leonard and EVP Richard Hodges Raborn have both sold shares of the company, with Leonard's sale representing a 7.88% decrease in his ownership.
• Alamo Group recently reported a quarterly EPS of $2.57, which missed analyst estimates of $2.69, and had a revenue of $419.07 million compared to expectations of $406.75 million.

Neumeier Poma Investment Counsel LLC decreased its position in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) by 26.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 63,004 shares of the industrial products company's stock after selling 22,362 shares during the period. Neumeier Poma Investment Counsel LLC owned 0.52% of Alamo Group worth $11,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALG. Ninepoint Partners LP purchased a new position in shares of Alamo Group during the first quarter valued at approximately $40,988,000. Bank of America Corp DE lifted its stake in shares of Alamo Group by 826.1% during the fourth quarter. Bank of America Corp DE now owns 130,494 shares of the industrial products company's stock valued at $24,260,000 after buying an additional 116,404 shares during the period. SG Capital Management LLC purchased a new position in shares of Alamo Group during the fourth quarter valued at approximately $16,971,000. Ameriprise Financial Inc. increased its position in Alamo Group by 338.4% during the fourth quarter. Ameriprise Financial Inc. now owns 115,856 shares of the industrial products company's stock worth $21,539,000 after purchasing an additional 89,430 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in Alamo Group by 22.9% during the first quarter. Westwood Holdings Group Inc. now owns 400,860 shares of the industrial products company's stock worth $71,437,000 after purchasing an additional 74,679 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Insiders Place Their Bets

In other Alamo Group news, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total transaction of $705,320.00. Following the transaction, the chief executive officer directly owned 40,913 shares in the company, valued at $8,244,787.76. This represents a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard Hodges Raborn sold 500 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total transaction of $100,920.00. Following the transaction, the executive vice president owned 12,948 shares in the company, valued at $2,613,424.32. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

Alamo Group Price Performance

ALG opened at $225.31 on Thursday. The company has a fifty day simple moving average of $216.26 and a 200 day simple moving average of $193.87. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.16 and a beta of 1.10. Alamo Group, Inc. has a twelve month low of $157.07 and a twelve month high of $230.15. The company has a current ratio of 4.30, a quick ratio of 2.62 and a debt-to-equity ratio of 0.19.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.12). The firm had revenue of $419.07 million for the quarter, compared to analyst estimates of $406.75 million. Alamo Group had a net margin of 7.25% and a return on equity of 11.56%. Equities research analysts expect that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 16th. Alamo Group's dividend payout ratio is 12.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALG. Robert W. Baird raised shares of Alamo Group from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $209.00 to $260.00 in a research report on Monday. Wall Street Zen lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson reaffirmed a "neutral" rating and set a $225.00 price target on shares of Alamo Group in a research report on Tuesday, July 22nd. Finally, Baird R W raised shares of Alamo Group from a "hold" rating to a "strong-buy" rating in a research report on Monday.

Alamo Group Company Profile

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.

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