3,679 Shares in Alamo Group, Inc. $ALG Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Alamo Group, Inc. (NYSE:ALG) during the second quarter, Holdings Channel reports. The firm purchased 3,679 shares of the industrial products company’s stock, valued at approximately $605,000.

Several other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Alamo Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company’s stock worth $1,084,000 after buying an additional 251 shares during the period. Millennium Management LLC grew its stake in Alamo Group by 164.7% in the 1st quarter. Millennium Management LLC now owns 63,588 shares of the industrial products company’s stock valued at $11,332,000 after acquiring an additional 39,564 shares during the period. Jones Financial Companies Lllp grew its stake in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Alamo Group by 12.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,162 shares of the industrial products company’s stock worth $6,444,000 after acquiring an additional 4,062 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Alamo Group by 83.7% in the 2nd quarter. Invesco Ltd. now owns 77,385 shares of the industrial products company’s stock worth $16,899,000 after acquiring an additional 35,248 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Alamo Group Stock Down 0.2%

ALG stock opened at $164.87 on Tuesday. The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $164.42 and a two-hundred day moving average of $168.49. Alamo Group, Inc. has a 12 month low of $145.76 and a 12 month high of $219.88. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.98 and a beta of 1.10.

Alamo Group (NYSE:ALG) last issued its earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.08. The business had revenue of $450.73 million for the quarter, compared to analysts’ expectations of $437.48 million. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. As a group, analysts forecast that Alamo Group, Inc. will post 10.56 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Thursday, July 16th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Alamo Group’s dividend payout ratio (DPR) is presently 16.31%.

Analysts Set New Price Targets

ALG has been the topic of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $188.00 price objective on shares of Alamo Group in a report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Alamo Group in a research note on Friday, August 21st. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $188.00.

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.