Spark Investment Management LLC decreased its stake in Alamo Group, Inc. (NYSE:ALG) by 39.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,100 shares of the industrial products company’s stock after selling 5,300 shares during the period. Spark Investment Management LLC’s holdings in Alamo Group were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ALG. Louisiana State Employees Retirement System boosted its position in shares of Alamo Group by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 3,900 shares of the industrial products company’s stock valued at $354,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Alamo Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,207 shares of the industrial products company’s stock valued at $168,000 after buying an additional 144 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Alamo Group by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock valued at $130,000 after buying an additional 156 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Alamo Group by 1.2% in the first quarter. Legal & General Group Plc now owns 15,757 shares of the industrial products company’s stock valued at $1,202,000 after buying an additional 184 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Alamo Group by 6.1% in the second quarter. Strs Ohio now owns 3,500 shares of the industrial products company’s stock valued at $317,000 after buying an additional 200 shares during the last quarter. 88.98% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group, Inc. (NYSE:ALG) opened at 91.18 on Friday. The stock’s 50 day moving average is $92.34 and its 200 day moving average is $82.76. The company has a market cap of $1.06 billion, a PE ratio of 23.44 and a beta of 0.95. Alamo Group, Inc. has a 12 month low of $58.30 and a 12 month high of $95.62.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.05. Alamo Group had a net margin of 5.32% and a return on equity of 11.78%. The company had revenue of $213.28 million for the quarter, compared to the consensus estimate of $217.90 million. Equities analysts predict that Alamo Group, Inc. will post $4.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. Alamo Group’s payout ratio is currently 10.28%.

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Several equities analysts have recently commented on the stock. BidaskClub raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Alamo Group from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $90.00 price target on shares of Alamo Group in a research report on Friday, July 14th. Finally, Seaport Global Securities increased their price target on shares of Alamo Group from $71.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, May 8th.

In related news, VP Dan Edward Malone sold 950 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $90.75, for a total value of $86,212.50. Following the sale, the vice president now owns 11,950 shares of the company’s stock, valued at $1,084,462.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David W. Grzelak sold 2,201 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $92.18, for a total transaction of $202,888.18. Following the completion of the sale, the director now directly owns 1,325 shares in the company, valued at approximately $122,138.50. The disclosure for this sale can be found here. In the last three months, insiders sold 3,335 shares of company stock worth $305,830. 3.99% of the stock is currently owned by insiders.

Alamo Group Company Profile

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.

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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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