Alamo Group, Inc. $ALG Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 209.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,217 shares of the industrial products company’s stock after acquiring an additional 33,291 shares during the quarter. Natixis Advisors LLC’s holdings in Alamo Group were worth $8,262,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ALG. Wasatch Advisors LP purchased a new stake in shares of Alamo Group in the 2nd quarter valued at about $51,427,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Alamo Group in the 4th quarter valued at about $39,213,000. American Century Companies Inc. lifted its holdings in shares of Alamo Group by 49.9% in the 3rd quarter. American Century Companies Inc. now owns 230,351 shares of the industrial products company’s stock valued at $43,974,000 after purchasing an additional 76,631 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Alamo Group in the 4th quarter valued at about $10,530,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Alamo Group by 9.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,327 shares of the industrial products company’s stock valued at $113,562,000 after purchasing an additional 57,456 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Down 0.3%

ALG opened at $148.91 on Monday. The business has a 50 day moving average price of $162.69 and a two-hundred day moving average price of $175.49. The company has a quick ratio of 2.45, a current ratio of 4.32 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.81 billion, a PE ratio of 17.81, a P/E/G ratio of 0.88 and a beta of 1.11. Alamo Group, Inc. has a 52 week low of $145.76 and a 52 week high of $233.29.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.20 by $0.36. The firm had revenue of $417.15 million during the quarter, compared to the consensus estimate of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. As a group, research analysts anticipate that Alamo Group, Inc. will post 10.61 EPS for the current year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.36 annualized dividend and a yield of 0.9%. Alamo Group’s dividend payout ratio is currently 16.27%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ALG shares. William Blair started coverage on Alamo Group in a report on Monday, March 16th. They issued an “outperform” rating for the company. DA Davidson reduced their target price on Alamo Group from $190.00 to $188.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity at Alamo Group

In other Alamo Group news, EVP Edward Rizzuti sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $170.93, for a total transaction of $102,558.00. Following the completion of the sale, the executive vice president directly owned 10,857 shares of the company’s stock, valued at $1,855,787.01. This represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nina C. Grooms sold 499 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $175.19, for a total value of $87,419.81. Following the sale, the director directly owned 2,844 shares of the company’s stock, valued at approximately $498,240.36. This represents a 14.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.06% of the stock is owned by corporate insiders.

Alamo Group Company 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.