Numeric Investors LLC bought a new position in shares of Alamo Group, Inc. (NYSE:ALG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,100 shares of the industrial products company’s stock, valued at approximately $463,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC grew its position in Alamo Group by 150.1% during the second quarter. Acrospire Investment Management LLC now owns 1,173 shares of the industrial products company’s stock worth $107,000 after buying an additional 704 shares during the period. Pinebridge Investments L.P. grew its position in Alamo Group by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 1,248 shares of the industrial products company’s stock worth $113,000 after buying an additional 17 shares during the period. BNP Paribas Arbitrage SA grew its position in Alamo Group by 10.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock worth $130,000 after buying an additional 156 shares during the period. State of Alaska Department of Revenue grew its position in Alamo Group by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 1,865 shares of the industrial products company’s stock worth $169,000 after buying an additional 825 shares during the period. Finally, Mason Street Advisors LLC grew its position in Alamo Group by 7.0% during the first quarter. Mason Street Advisors LLC now owns 2,207 shares of the industrial products company’s stock worth $168,000 after buying an additional 144 shares during the period. Institutional investors own 90.30% of the company’s stock.

Shares of Alamo Group, Inc. (NYSE ALG) opened at 108.30 on Friday. The firm has a 50 day moving average of $99.98 and a 200 day moving average of $89.67. Alamo Group, Inc. has a one year low of $58.30 and a one year high of $111.02. The stock has a market cap of $1.26 billion, a P/E ratio of 27.84 and a beta of 0.95.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Monday, October 16th will be paid a $0.10 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Alamo Group’s dividend payout ratio is currently 10.28%.

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In other news, EVP Richard Hodges Raborn sold 364 shares of Alamo Group stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $92.19, for a total value of $33,557.16. Following the transaction, the executive vice president now owns 4,500 shares of the company’s stock, valued at approximately $414,855. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Geoff Davies sold 4,000 shares of Alamo Group stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $98.16, for a total transaction of $392,640.00. Following the completion of the transaction, the vice president now directly owns 3,800 shares in the company, valued at approximately $373,008. The disclosure for this sale can be found here. Insiders own 3.99% of the company’s stock.

ALG has been the topic of several recent analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $90.00 target price on shares of Alamo Group in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Alamo Group from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Tuesday, August 8th. BidaskClub lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, ValuEngine lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $99.33.

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.

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

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