Neumeier Poma Investment Counsel LLC Takes Position in Alamo Group, Inc. $ALG

Neumeier Poma Investment Counsel LLC acquired a new stake in Alamo Group, Inc. (NYSE:ALG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 81,490 shares of the industrial products company’s stock, valued at approximately $13,404,290,000. Neumeier Poma Investment Counsel LLC owned about 0.67% of Alamo Group at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Alamo Group in the 2nd quarter valued at approximately $288,972,000. Wasatch Advisors LP acquired a new position in shares of Alamo Group during the second quarter worth $51,427,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Alamo Group by 53.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 358,435 shares of the industrial products company’s stock worth $59,131,000 after purchasing an additional 124,845 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Alamo Group by 189.3% in the first quarter. Copeland Capital Management LLC now owns 181,465 shares of the industrial products company’s stock worth $29,936,000 after purchasing an additional 118,737 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Alamo Group by 239.4% in 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. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Alamo Group Stock Down 0.1%

Alamo Group stock opened at $164.20 on Monday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 0.97 and a beta of 1.10. Alamo Group, Inc. has a 52-week low of $145.76 and a 52-week high of $224.67. 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 firm has a 50 day moving average price of $163.63 and a two-hundred day moving average price of $170.18.

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

Alamo Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders 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 0.8%. The ex-dividend date was Thursday, July 16th. Alamo Group’s dividend payout ratio (DPR) is presently 16.31%.

Insider Buying and Selling at Alamo Group

In other news, EVP Edward Rizzuti sold 2,715 shares of Alamo Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.41, for a total value of $446,373.15. Following the completion of the transaction, the executive vice president directly owned 8,142 shares of the company’s stock, valued at approximately $1,338,626.22. This trade represents a 25.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.06% of the company’s stock.

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.