Alamo Group (NYSE:ALG) CEO Purchases $75,624.00 in Stock

Alamo Group, Inc. (NYSE:ALG) CEO Robert Paul Hureau acquired 460 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $164.40 per share, for a total transaction of $75,624.00. Following the acquisition, the chief executive officer directly owned 12,506 shares in the company, valued at $2,055,986.40. This represents a 3.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alamo Group Stock Performance

Shares of NYSE ALG traded up $4.49 during trading hours on Wednesday, reaching $174.59. The stock had a trading volume of 140,385 shares, compared to its average volume of 125,904. The business’s fifty day moving average is $194.66 and its two-hundred day moving average is $187.19. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.00 and a beta of 1.10. Alamo Group, Inc. has a twelve month low of $156.29 and a twelve month high of $233.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.57 and a quick ratio of 2.82.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Monday, March 2nd. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.36). Alamo Group had a return on equity of 10.04% and a net margin of 6.47%.The company had revenue of $373.65 million for the quarter, compared to analyst estimates of $405.18 million. As a group, research analysts expect that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were issued a $0.34 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, January 16th. Alamo Group’s dividend payout ratio (DPR) is 15.83%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALG. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a research report on Monday, December 29th. Zacks Research cut shares of Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. CJS Securities raised Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Alamo Group in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alamo Group has a consensus rating of “Hold” and a consensus price target of $225.00.

Institutional Investors Weigh In On Alamo Group

A number of hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alamo Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company’s stock valued at $1,084,000 after purchasing an additional 251 shares during the period. Millennium Management LLC boosted its holdings in shares of Alamo Group by 164.7% in the first quarter. Millennium Management LLC now owns 63,588 shares of the industrial products company’s stock valued at $11,332,000 after buying an additional 39,564 shares during the period. Jones Financial Companies Lllp increased 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 acquiring an additional 314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Alamo Group by 12.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,162 shares of the industrial products company’s stock worth $6,444,000 after acquiring an additional 4,062 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Alamo Group by 38.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,449 shares of the industrial products company’s stock valued at $7,086,000 after acquiring an additional 8,951 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

About Alamo Group

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.