Teacher Retirement System of Texas Has $4.92 Million Stake in Alamo Group, Inc. $ALG

Teacher Retirement System of Texas reduced its position in Alamo Group, Inc. (NYSE:ALG) by 17.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,744 shares of the industrial products company’s stock after selling 5,569 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.21% of Alamo Group worth $4,915,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP boosted its position in Alamo Group by 28.6% during the second quarter. First Trust Advisors LP now owns 384,190 shares of the industrial products company’s stock valued at $83,899,000 after acquiring an additional 85,478 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Alamo Group by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 243,470 shares of the industrial products company’s stock valued at $53,176,000 after purchasing an additional 4,927 shares during the period. Wasatch Advisors LP bought a new stake in shares of Alamo Group during the 2nd quarter valued at about $51,427,000. Tributary Capital Management LLC grew its stake in Alamo Group by 92.5% during the third quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock worth $38,895,000 after purchasing an additional 97,898 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Alamo Group by 6.4% during the second quarter. Ameriprise Financial Inc. now owns 162,959 shares of the industrial products company’s stock worth $35,587,000 after purchasing an additional 9,740 shares during the period. Institutional investors own 92.36% of the company’s stock.

Insider Activity

In related news, CEO Robert Paul Hureau acquired 304 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of $163.48 per share, for a total transaction of $49,697.92. Following the purchase, the chief executive officer owned 12,046 shares in the company, valued at $1,969,280.08. This trade represents a 2.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders acquired 1,058 shares of company stock worth $175,209. Insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a research report on Monday, December 29th. CJS Securities upgraded shares of Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, DA Davidson cut their price target on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alamo Group presently has an average rating of “Moderate Buy” and a consensus target price of $222.33.

Alamo Group Stock Up 0.9%

Alamo Group stock opened at $193.94 on Wednesday. Alamo Group, Inc. has a fifty-two week low of $156.29 and a fifty-two week high of $233.29. The stock has a market cap of $2.35 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The firm’s 50-day simple moving average is $175.20 and its 200 day simple moving average is $191.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43.

Alamo Group (NYSE:ALG) last released its earnings results on Thursday, November 6th. The industrial products company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a return on equity of 11.11% and a net margin of 7.20%.The business had revenue of $420.04 million for the quarter, compared to the consensus estimate of $407.55 million. Research analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, January 16th. Alamo Group’s dividend payout ratio (DPR) is presently 14.11%.

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.