First National Bank of Omaha Acquires Shares of 3,172 Alamo Group, Inc. $ALG

First National Bank of Omaha bought a new position in shares of Alamo Group, Inc. (NYSE:ALG) in the third quarter, HoldingsChannel reports. The firm bought 3,172 shares of the industrial products company’s stock, valued at approximately $606,000.

A number of other hedge funds also recently bought and sold shares of ALG. Jones Financial Companies Lllp raised its position 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 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 in the 2nd quarter worth about $87,000. Globeflex Capital L P bought a new stake in shares of Alamo Group during the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC lifted its position in Alamo Group by 152.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 518 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Alamo Group in the 2nd quarter worth about $218,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ALG shares. CJS Securities raised Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. DA Davidson lowered their price objective on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $222.33.

Insider Buying and Selling at Alamo Group

In related news, CEO Robert Paul Hureau acquired 304 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $163.48 per share, for a total transaction of $49,697.92. Following the purchase, the chief executive officer owned 12,046 shares in the company, valued at $1,969,280.08. The trade was a 2.59% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.18% of the stock is currently owned by insiders.

Alamo Group Trading Up 3.5%

NYSE:ALG opened at $210.09 on Friday. Alamo Group, Inc. has a one year low of $156.29 and a one year high of $233.29. The business has a fifty day moving average price of $189.04 and a 200-day moving average price of $190.14. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.43 and a quick ratio of 2.72.

Alamo Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. This is an increase from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 16th. Alamo Group’s dividend payout ratio is 14.11%.

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.