Semanteon Capital Management LP Makes New $230,000 Investment in Alamo Group Inc. (NYSE:ALG)

Semanteon Capital Management LP bought a new position in Alamo Group Inc. (NYSE:ALG) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,094 shares of the industrial products company’s stock, valued at approximately $230,000.

A number of other institutional investors have also bought and sold shares of ALG. Allspring Global Investments Holdings LLC lifted its stake in Alamo Group by 42.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 399,190 shares of the industrial products company’s stock worth $83,906,000 after purchasing an additional 119,636 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Alamo Group by 251.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 44,214 shares of the industrial products company’s stock worth $7,643,000 after purchasing an additional 31,621 shares in the last quarter. RK Capital Management LLC purchased a new position in Alamo Group in the 3rd quarter worth approximately $5,177,000. Cerity Partners LLC lifted its stake in Alamo Group by 75.0% in the 4th quarter. Cerity Partners LLC now owns 53,570 shares of the industrial products company’s stock worth $11,260,000 after purchasing an additional 22,951 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Alamo Group by 119.2% during the 3rd quarter. AQR Capital Management LLC now owns 29,635 shares of the industrial products company’s stock valued at $5,123,000 after buying an additional 16,115 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALG has been the topic of several analyst reports. DA Davidson lifted their price target on shares of Alamo Group from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Wednesday.

Alamo Group Stock Down 0.6 %

Shares of NYSE ALG opened at $198.52 on Friday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 17.48 and a beta of 1.04. The company has a quick ratio of 1.99, a current ratio of 3.76 and a debt-to-equity ratio of 0.24. Alamo Group Inc. has a 52-week low of $157.74 and a 52-week high of $231.40. The business’s 50 day moving average is $210.10 and its two-hundred day moving average is $199.45.

Alamo Group (NYSE:ALG) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.22). The firm had revenue of $417.54 million during the quarter. Alamo Group had a net margin of 8.06% and a return on equity of 15.52%. Research analysts predict that Alamo Group Inc. will post 13.17 EPS for the current year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be paid a $0.26 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. Alamo Group’s dividend payout ratio (DPR) is 9.15%.

Insiders Place Their Bets

In other Alamo Group news, EVP Michael A. Haberman sold 418 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the completion of the transaction, the executive vice president now owns 19,206 shares in the company, valued at $4,299,647.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.