Alamo Group, Inc. $ALG Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,498 shares of the industrial products company’s stock after selling 5,443 shares during the period. Rice Hall James & Associates LLC owned approximately 0.09% of Alamo Group worth $2,195,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALG. Smartleaf Asset Management LLC raised its stake in Alamo Group by 31.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 65 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Alamo Group by 3,140.0% during the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 314 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Alamo Group during the second quarter worth approximately $87,000. Globeflex Capital L P acquired a new stake in shares of Alamo Group during the second quarter worth $100,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Alamo Group by 152.4% during the second quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 518 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Transactions at Alamo Group

In other Alamo Group news, CEO Robert Paul Hureau purchased 600 shares of Alamo Group stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $167.77 per share, with a total value of $100,662.00. Following the completion of the acquisition, the chief executive officer directly owned 11,588 shares of the company’s stock, valued at approximately $1,944,118.76. This trade represents a 5.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 1,058 shares of company stock worth $175,209 in the last ninety days. Insiders own 1.18% of the company’s stock.

Alamo Group Stock Performance

Shares of ALG stock opened at $174.19 on Friday. The stock has a fifty day moving average price of $170.93 and a 200 day moving average price of $196.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43. The stock has a market cap of $2.11 billion, a PE ratio of 18.07, a P/E/G ratio of 1.14 and a beta of 1.13. Alamo Group, Inc. has a 1 year low of $156.29 and a 1 year high of $233.29.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). The firm had revenue of $420.04 million during the quarter, compared to analysts’ expectations of $407.55 million. Alamo Group had a net margin of 7.20% and a return on equity of 11.11%. Sell-side analysts forecast that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 28th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. Alamo Group’s payout ratio is presently 12.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. CJS Securities upgraded shares of Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 22nd. DA Davidson lowered their price objective on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Finally, Wall Street Zen cut Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.33.

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.