Grandeur Peak Global Advisors LLC Buys New Position in Alamo Group, Inc. $ALG

Grandeur Peak Global Advisors LLC purchased a new position in shares of Alamo Group, Inc. (NYSE:ALG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 9,935 shares of the industrial products company’s stock, valued at approximately $1,634,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Alamo Group in the second quarter valued at approximately $35,000. Jones Financial Companies Lllp lifted its position in shares of Alamo Group by 3,140.0% during the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 314 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Alamo Group in the fourth quarter valued at $76,000. State of Wyoming boosted its stake in shares of Alamo Group by 76.5% in the fourth quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 205 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Alamo Group by 861.5% in the fourth quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ALG shares. DA Davidson reaffirmed a “neutral” rating and set a $188.00 price target on shares of Alamo Group in a research note on Wednesday, July 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Alamo Group in a research note on Friday, August 21st. Finally, Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $188.00.

Insider Buying and Selling at Alamo Group

In other news, EVP Edward Rizzuti sold 2,715 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the sale, the executive vice president owned 8,142 shares in the company, valued at approximately $1,338,626.22. This represents a 25.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.06% of the company’s stock.

Alamo Group Stock Performance

Alamo Group stock opened at $164.19 on Friday. The stock has a market cap of $2.00 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $164.29 and a 200-day moving average of $169.09. Alamo Group, Inc. has a 52 week low of $145.76 and a 52 week high of $219.88.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.08. The business had revenue of $450.73 million during the quarter, compared to the consensus estimate of $437.48 million. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. On average, analysts expect that Alamo Group, Inc. will post 10.56 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 16th. Alamo Group’s dividend payout ratio (DPR) is currently 16.31%.

Alamo Group 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.