Value Holdings Management CO. LLC Takes Position in Alamo Group, Inc. $ALG

Key Points

• Value Holdings Management acquired 15,000 Alamo Group shares in the second quarter, valued at approximately $2.47 million. The position represented 0.4% of its portfolio and 0.12% of Alamo Group’s outstanding stock.
• Alamo Group exceeded quarterly expectations, reporting $2.82 in EPS versus the $2.74 consensus estimate and revenue of $450.73 million versus expectations of $437.48 million.
• The company pays a quarterly dividend of $0.34 per share, equivalent to an annualized $1.36 dividend and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $188, above the reported $162.08 share price.

Value Holdings Management CO. LLC purchased a new stake in Alamo Group, Inc. (NYSE:ALG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,000 shares of the industrial products company's stock, valued at approximately $2,467,000. Alamo Group comprises about 0.4% of Value Holdings Management CO. LLC's portfolio, making the stock its 24th largest holding. Value Holdings Management CO. LLC owned 0.12% of Alamo Group at the end of the most recent quarter.

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

Alamo Group Stock Performance

Alamo Group stock opened at $162.08 on Friday. 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 company has a market capitalization of $1.97 billion, a PE ratio of 19.43, a P/E/G ratio of 0.96 and a beta of 1.10. The company has a 50 day moving average price of $163.42 and a 200-day moving average price of $170.40. Alamo Group, Inc. has a fifty-two week low of $145.76 and a fifty-two week high of $224.67.

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

Alamo Group Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on ALG shares. Weiss Ratings downgraded shares of Alamo Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, May 26th. DA Davidson reiterated a "neutral" rating and issued a $188.00 price target on shares of Alamo Group in a report on Wednesday, July 1st. Finally, Zacks Research raised Alamo Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 5th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $188.00.

Insider Activity

In other news, EVP Edward Rizzuti sold 2,715 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was 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 in the company, valued at approximately $1,338,626.22. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.06% of the company's stock.

Alamo Group Company 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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