4,698 Shares in Alamo Group, Inc. $ALG Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in Alamo Group, Inc. (NYSE:ALG) in the third quarter, HoldingsChannel reports. The fund bought 4,698 shares of the industrial products company’s stock, valued at approximately $897,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in shares of Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after buying an additional 314 shares during the last quarter. MAI Capital Management bought a new stake in Alamo Group during the third quarter worth about $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Alamo Group during the second quarter valued at approximately $87,000. Globeflex Capital L P bought a new position in Alamo Group in the second quarter valued at approximately $100,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Alamo Group by 152.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 518 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ALG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. Wall Street Zen downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, DA Davidson lowered their price target on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. One research 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 stock. According to MarketBeat.com, Alamo Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Alamo Group Price Performance

Shares of NYSE ALG opened at $177.98 on Thursday. The firm has a market cap of $2.16 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.11. The business’s 50 day moving average is $194.88 and its 200-day moving average is $188.78. The company has a current ratio of 4.57, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17. Alamo Group, Inc. has a 1-year low of $156.29 and a 1-year high of $233.29.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Monday, March 2nd. The industrial products company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.36). The firm had revenue of $373.65 million during the quarter, compared to analyst estimates of $405.18 million. Alamo Group had a net margin of 6.47% and a return on equity of 10.04%. Equities research analysts predict that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were given a dividend of $0.34 per share. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, January 16th. Alamo Group’s payout ratio is 15.83%.

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.