AlphaQuest LLC Takes $3.32 Million Position in Alamo Group, Inc. $ALG

AlphaQuest LLC purchased a new position in Alamo Group, Inc. (NYSE:ALG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,410 shares of the industrial products company’s stock, valued at approximately $3,324,000.

A number of other hedge funds also recently bought and sold shares of ALG. Jones Financial Companies Lllp lifted its holdings in Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 314 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Alamo Group during the 2nd quarter valued at about $87,000. Globeflex Capital L P bought a new position in shares of Alamo Group in the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC lifted its stake in shares of Alamo Group by 152.4% in the 2nd 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. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Alamo Group in the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Trading Up 1.3%

Shares of ALG opened at $193.42 on Friday. The firm has a market cap of $2.34 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. 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, Inc. has a 1 year low of $156.29 and a 1 year high of $233.29. The company has a 50 day simple moving average of $176.53 and a two-hundred day simple moving average of $191.49.

Alamo Group (NYSE:ALG) last issued its 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 company had revenue of $420.04 million for the quarter, compared to the consensus estimate of $407.55 million. Alamo Group had a return on equity of 11.11% and a net margin of 7.20%. On average, equities analysts expect that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 16th were given a dividend of $0.34 per share. The ex-dividend date was Friday, January 16th. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. Alamo Group’s dividend payout ratio (DPR) is 14.11%.

Insider Activity

In other news, CEO Robert Paul Hureau bought 304 shares of Alamo Group stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $163.48 per share, with a total value of $49,697.92. Following the completion of the acquisition, the chief executive officer owned 12,046 shares of the company’s stock, valued at $1,969,280.08. This trade represents a 2.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 1,058 shares of company stock valued at $175,209 over the last quarter. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

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

About Alamo Group

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.