Alamo Group, Inc. $ALG Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in Alamo Group, Inc. (NYSE:ALG) by 47.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 49,937 shares of the industrial products company’s stock after purchasing an additional 16,034 shares during the period. Sei Investments Co.’s holdings in Alamo Group were worth $8,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ALG. Global Retirement Partners LLC grew its holdings in Alamo Group by 136.2% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the period. Kestra Advisory Services LLC acquired a new stake in Alamo Group during the fourth quarter worth about $76,000. State of Wyoming increased its position in Alamo Group by 76.5% during the fourth quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 205 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Alamo Group by 861.5% during the fourth quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. DA Davidson reissued a “neutral” rating and set a $188.00 target price on shares of Alamo Group in a research note on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One research 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, Alamo Group presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Alamo Group Stock Up 0.0%

NYSE:ALG opened at $159.13 on Monday. Alamo Group, Inc. has a 52 week low of $145.76 and a 52 week high of $233.29. The stock’s fifty day moving average is $159.62 and its two-hundred day moving average is $173.03. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 0.93 and a beta of 1.10. The company has a quick ratio of 2.45, a current ratio of 4.32 and a debt-to-equity ratio of 0.23.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.36. The business had revenue of $417.15 million during the quarter, compared to analysts’ expectations of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. Research analysts anticipate that Alamo Group, Inc. will post 10.65 EPS for the current year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Thursday, July 16th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, July 16th. Alamo Group’s dividend payout ratio (DPR) is 16.27%.

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.