R Squared Ltd Makes New Investment in Alamo Group, Inc. $ALG

R Squared Ltd acquired a new position in shares of Alamo Group, Inc. (NYSE:ALG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,053 shares of the industrial products company’s stock, valued at approximately $230,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Alamo Group by 110.6% during the first quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 125 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Alamo Group by 30.0% during the first quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Alamo Group by 31.6% during the first quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 65 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Alamo Group by 3,140.0% during the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 314 shares during the last quarter. Finally, CWM LLC increased its stake in Alamo Group by 520.9% during the first quarter. CWM LLC now owns 981 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 823 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Alamo Group Stock Up 0.1%

Shares of NYSE ALG opened at $187.77 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.76 and a current ratio of 4.56. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 0.98 and a beta of 1.08. The stock has a 50 day moving average price of $199.68 and a 200 day moving average price of $202.08. Alamo Group, Inc. has a 52-week low of $157.07 and a 52-week high of $233.29.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.12). The firm had revenue of $419.07 million during the quarter, compared to analysts’ expectations of $406.75 million. Alamo Group had a net margin of 7.41% and a return on equity of 11.45%. Sell-side analysts expect that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 28th. Investors of record on Wednesday, October 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. Alamo Group’s payout ratio is presently 12.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALG. Wall Street Zen raised Alamo Group from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alamo Group in a research note on Friday. Baird R W raised Alamo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Robert W. Baird raised Alamo Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $209.00 to $260.00 in a research note on Monday, August 4th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $225.00 target price on shares of Alamo Group in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $234.00.

Insider Activity

In related news, CEO Jeffery Allen Leonard sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.19, for a total value of $555,475.00. Following the completion of the sale, the chief executive officer owned 38,413 shares in the company, valued at approximately $8,534,984.47. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

Alamo Group Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.