Alamo Group, Inc. $ALG Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP lifted its position in shares of Alamo Group, Inc. (NYSE:ALG) by 4.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 371,098 shares of the industrial products company’s stock after buying an additional 16,019 shares during the period. Wasatch Advisors LP owned 3.06% of Alamo Group worth $61,220,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. acquired a new position in Alamo Group in the 4th quarter valued at $39,213,000. Goldman Sachs Group Inc. boosted its holdings in shares of Alamo Group by 239.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 157,291 shares of the industrial products company’s stock worth $26,404,000 after purchasing an additional 110,941 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Alamo Group by 72.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 230,180 shares of the industrial products company’s stock worth $38,641,000 after purchasing an additional 96,369 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Alamo Group in the fourth quarter valued at $13,049,000. Finally, American Century Companies Inc. grew its position in shares of Alamo Group by 49.9% in the third 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 period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

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

Alamo Group Stock Up 0.5%

Shares of ALG opened at $168.81 on Friday. Alamo Group, Inc. has a fifty-two week low of $145.76 and a fifty-two week high of $233.29. The company’s fifty day moving average is $158.85 and its two-hundred day moving average is $174.96. The firm has a market cap of $2.05 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.11. 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 released its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.36. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%.The business had revenue of $417.15 million during the quarter, compared to the consensus estimate of $398.02 million. Analysts forecast that Alamo Group, Inc. will post 10.61 earnings per share for the current year.

Alamo Group Announces Dividend

The company also recently declared 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 was Wednesday, April 15th. This represents a $1.36 annualized dividend and a yield of 0.8%. Alamo Group’s dividend payout ratio is currently 16.27%.

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.