Alamo Group, Inc. (NYSE:ALG)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $82.42 and last traded at $82.95, with a volume of 158 shares. The stock had previously closed at $84.29.

A number of research firms have commented on ALG. Zacks Investment Research raised Alamo Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. ValuEngine lowered Alamo Group from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd.

The company has a debt-to-equity ratio of 0.25, a current ratio of 4.66 and a quick ratio of 2.92. The company has a market capitalization of $1.07 billion, a P/E ratio of 17.94 and a beta of 0.95.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.16. Alamo Group had a return on equity of 13.31% and a net margin of 5.43%. The business had revenue of $257.13 million for the quarter, compared to analyst estimates of $237.40 million. On average, equities research analysts anticipate that Alamo Group, Inc. will post 5.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Monday, October 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, October 12th. Alamo Group’s dividend payout ratio (DPR) is presently 9.50%.

In other news, VP Richard J. Wehrle sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $95.05, for a total transaction of $570,300.00. Following the transaction, the vice president now owns 16,404 shares of the company’s stock, valued at $1,559,200.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dan Edward Malone sold 1,964 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $96.13, for a total value of $188,799.32. Following the transaction, the vice president now directly owns 11,225 shares in the company, valued at approximately $1,079,059.25. The disclosure for this sale can be found here. Corporate insiders own 3.48% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. increased its holdings in Alamo Group by 374.1% in the second quarter. TD Asset Management Inc. now owns 34,137 shares of the industrial products company’s stock valued at $3,085,000 after purchasing an additional 26,937 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in Alamo Group by 31.1% in the second quarter. Prescott Group Capital Management L.L.C. now owns 12,661 shares of the industrial products company’s stock valued at $1,144,000 after purchasing an additional 3,000 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Alamo Group in the second quarter valued at about $166,000. California Public Employees Retirement System increased its holdings in Alamo Group by 3.4% in the first quarter. California Public Employees Retirement System now owns 23,924 shares of the industrial products company’s stock valued at $2,629,000 after purchasing an additional 777 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Alamo Group by 17.4% in the second quarter. PNC Financial Services Group Inc. now owns 231,476 shares of the industrial products company’s stock valued at $20,918,000 after purchasing an additional 34,390 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Alamo Group Company Profile (NYSE:ALG)

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

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