Alamo Group, Inc. (NYSE:ALG) President John Redmond purchased 11,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average cost of $138.28 per share, with a total value of $1,521,080.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alamo Group, Inc. (NYSE ALG) traded down $2.95 during midday trading on Thursday, reaching $111.14. The company’s stock had a trading volume of 33,155 shares, compared to its average volume of 63,247. The firm has a market cap of $1,321.67, a PE ratio of 26.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 2.85. Alamo Group, Inc. has a 52 week low of $62.98 and a 52 week high of $114.57.

Alamo Group (NYSE:ALG) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.16. Alamo Group had a return on equity of 12.11% and a net margin of 5.56%. The firm had revenue of $240.46 million for the quarter, compared to analyst estimates of $223.40 million. research analysts predict that Alamo Group, Inc. will post 4.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Monday, October 16th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, October 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Alamo Group’s payout ratio is 9.59%.

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Hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its holdings in Alamo Group by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,248 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 17 shares in the last quarter. Texas Permanent School Fund boosted its position in Alamo Group by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 6,915 shares of the industrial products company’s stock valued at $628,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Alamo Group by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 3,900 shares of the industrial products company’s stock worth $354,000 after purchasing an additional 100 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Alamo Group by 1.2% during the first quarter. Legal & General Group Plc now owns 15,757 shares of the industrial products company’s stock worth $1,202,000 after purchasing an additional 184 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Alamo Group by 6.1% during the second quarter. Strs Ohio now owns 3,500 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.98% of the company’s stock.

Several equities research analysts have issued reports on ALG shares. Zacks Investment Research raised Alamo Group from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Tuesday, August 8th. ValuEngine lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub lowered Alamo Group from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Piper Jaffray Companies set a $104.00 price target on Alamo Group and gave the stock a “buy” rating in a report on Sunday, October 1st.

About Alamo Group

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

Insider Buying and Selling by Quarter for Alamo Group (NYSE:ALG)

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