SG Americas Securities LLC Has $763,000 Stock Position in Alamo Group, Inc. $ALG

SG Americas Securities LLC boosted its stake in Alamo Group, Inc. (NYSE:ALG) by 383.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,998 shares of the industrial products company’s stock after purchasing an additional 3,171 shares during the quarter. SG Americas Securities LLC’s holdings in Alamo Group were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after buying an additional 314 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Alamo Group during the 2nd quarter worth approximately $87,000. Globeflex Capital L P acquired a new stake in shares of Alamo Group during the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC increased its stake in Alamo Group by 152.4% in the second quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 518 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Alamo Group during the second quarter valued at approximately $202,000. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ALG shares. CJS Securities raised Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. DA Davidson reduced their price objective on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a research report on Monday, December 29th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $222.33.

Alamo Group Stock Performance

NYSE:ALG opened at $188.56 on Wednesday. The stock has a market cap of $2.28 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The company has a current ratio of 4.43, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $172.39 and its 200-day moving average is $192.64. Alamo Group, Inc. has a 1-year low of $156.29 and a 1-year high of $233.29.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a net margin of 7.20% and a return on equity of 11.11%. The business had revenue of $420.04 million during the quarter, compared to the consensus estimate of $407.55 million. Equities research analysts anticipate that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, January 16th. Alamo Group’s dividend payout ratio (DPR) is presently 14.11%.

Insider Buying and Selling at Alamo Group

In related news, CEO Robert Paul Hureau acquired 304 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of $163.48 per share, for a total transaction of $49,697.92. Following the completion of the acquisition, the chief executive officer directly owned 12,046 shares of the company’s stock, valued at approximately $1,969,280.08. This trade represents a 2.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 1,058 shares of company stock valued at $175,209 over the last quarter. Insiders own 1.18% of the company’s stock.

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.