Nuance Investments LLC Acquires Shares of 19,651 Alamo Group, Inc. $ALG

Nuance Investments LLC acquired a new stake in Alamo Group, Inc. (NYSE:ALG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,651 shares of the industrial products company’s stock, valued at approximately $3,232,000. Nuance Investments LLC owned 0.16% of Alamo Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Alamo Group in the 2nd quarter worth approximately $288,972,000. Vanguard Group Inc. increased its holdings in shares of Alamo Group by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company’s stock valued at $134,000,000 after purchasing an additional 12,499 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Alamo Group by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 527,399 shares of the industrial products company’s stock valued at $87,006,000 after purchasing an additional 27,597 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Alamo Group by 5.4% in the 1st quarter. First Trust Advisors LP now owns 469,289 shares of the industrial products company’s stock valued at $77,419,000 after purchasing an additional 24,184 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Alamo Group by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 462,758 shares of the industrial products company’s stock valued at $77,683,000 after purchasing an additional 31,860 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alamo Group

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

Analyst Ratings Changes

Several research firms recently commented on ALG. Weiss Ratings lowered shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. DA Davidson restated a “neutral” rating and set a $188.00 target price on shares of Alamo Group in a research report on Wednesday, July 1st. Finally, Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $188.00.

Alamo Group Stock Down 1.8%

NYSE ALG opened at $161.99 on Tuesday. The business has a fifty day moving average price of $162.91 and a 200 day moving average price of $171.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.48 and a current ratio of 4.39. The company has a market cap of $1.97 billion, a P/E ratio of 19.42, a P/E/G ratio of 0.98 and a beta of 1.10. Alamo Group, Inc. has a one year low of $145.76 and a one year high of $227.07.

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

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 16th. Alamo Group’s payout ratio is presently 16.31%.

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.