EAM Investors LLC grew its holdings in Alamo Group, Inc. (NYSE:ALG) by 168.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,246 shares of the industrial products company’s stock after acquiring an additional 16,454 shares during the period. EAM Investors LLC owned about 0.23% of Alamo Group worth $2,818,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Kennedy Capital Management Inc. boosted its holdings in shares of Alamo Group by 8.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 165,503 shares of the industrial products company’s stock valued at $15,029,000 after acquiring an additional 13,235 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Alamo Group by 30.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 52,438 shares of the industrial products company’s stock valued at $3,995,000 after acquiring an additional 12,124 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Alamo Group by 1,076.3% in the 1st quarter. BlackRock Inc. now owns 1,275,432 shares of the industrial products company’s stock valued at $97,174,000 after acquiring an additional 1,167,004 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Alamo Group by 12.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 47,400 shares of the industrial products company’s stock valued at $4,305,000 after acquiring an additional 5,100 shares during the last quarter. Finally, AXA boosted its holdings in shares of Alamo Group by 30.2% in the 2nd quarter. AXA now owns 5,600 shares of the industrial products company’s stock valued at $509,000 after acquiring an additional 1,300 shares during the last quarter. 89.36% of the stock is currently owned by institutional investors and hedge funds.

In other Alamo Group news, VP Geoff Davies sold 4,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $98.16, for a total transaction of $392,640.00. Following the completion of the transaction, the vice president now directly owns 3,800 shares in the company, valued at $373,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Hodges Raborn sold 2,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $223,060.00. Following the transaction, the executive vice president now owns 4,500 shares of the company’s stock, valued at $501,885. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,364 shares of company stock valued at $649,257. Company insiders own 3.99% of the company’s stock.

Alamo Group, Inc. (NYSE:ALG) traded up $1.72 on Tuesday, hitting $115.01. 97,800 shares of the company traded hands, compared to its average volume of 52,105. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.85 and a current ratio of 4.48. Alamo Group, Inc. has a 1 year low of $70.53 and a 1 year high of $115.04. The firm has a market cap of $1,317.83, a PE ratio of 26.28 and a beta of 0.94.

Alamo Group (NYSE:ALG) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.16. Alamo Group had a net margin of 5.56% and a return on equity of 12.11%. The firm had revenue of $240.46 million during the quarter, compared to analysts’ expectations of $223.40 million. analysts forecast that Alamo Group, Inc. will post 4.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Monday, October 16th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, October 13th. Alamo Group’s dividend payout ratio is currently 9.59%.

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Several research firms recently issued reports on ALG. Zacks Investment Research upgraded shares of Alamo Group from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, August 22nd. BidaskClub cut shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. ValuEngine upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies set a $104.00 target price on shares of Alamo Group and gave the company a “buy” rating in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $105.00.

Alamo Group Company Profile

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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