Louisiana State Employees Retirement System Acquires New Shares in Alamo Group Inc. (NYSE:ALG)

Louisiana State Employees Retirement System purchased a new position in Alamo Group Inc. (NYSE:ALG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,200 shares of the industrial products company's stock, valued at approximately $1,093,000.

Several other institutional investors and hedge funds have also bought and sold shares of ALG. Raymond James & Associates acquired a new position in Alamo Group during the 4th quarter valued at approximately $215,000. TIAA Trust National Association purchased a new stake in Alamo Group during the 3rd quarter valued at about $257,000. Lido Advisors LLC acquired a new position in shares of Alamo Group in the third quarter valued at about $263,000. Diversified Trust Co purchased a new position in shares of Alamo Group in the fourth quarter worth about $290,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Alamo Group by 91.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 2,509 shares of the industrial products company's stock worth $434,000 after purchasing an additional 1,196 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Price Performance

Shares of Alamo Group stock traded down $1.07 during mid-day trading on Wednesday, reaching $203.92. 57,969 shares of the stock traded hands, compared to its average volume of 69,697. The stock has a market capitalization of $2.46 billion, a PE ratio of 17.90 and a beta of 1.04. The business has a 50-day moving average of $211.20 and a 200 day moving average of $199.26. Alamo Group Inc. has a fifty-two week low of $157.74 and a fifty-two week high of $231.40. The company has a quick ratio of 1.99, a current ratio of 3.76 and a debt-to-equity ratio of 0.24.

Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.85 by ($0.22). The business had revenue of $417.54 million for the quarter. Alamo Group had a return on equity of 15.52% and a net margin of 8.06%. On average, analysts predict that Alamo Group Inc. will post 13.17 EPS for the current year.

Alamo Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, April 15th. Alamo Group's payout ratio is currently 9.15%.

Wall Street Analyst Weigh In

ALG has been the topic of several analyst reports. StockNews.com raised Alamo Group from a "hold" rating to a "buy" rating in a research report on Wednesday. DA Davidson lifted their price target on Alamo Group from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th.

Insiders Place Their Bets

In other Alamo Group news, EVP Michael A. Haberman sold 418 shares of the firm's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $223.87, for a total transaction of $93,577.66. Following the completion of the sale, the executive vice president now owns 19,206 shares of the company's stock, valued at $4,299,647.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company's stock.

About Alamo Group

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.