Alamo Group, Inc. $ALG Stock Position Raised by Copeland Capital Management LLC

Copeland Capital Management LLC increased its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 189.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,465 shares of the industrial products company’s stock after acquiring an additional 118,737 shares during the quarter. Copeland Capital Management LLC owned approximately 1.50% of Alamo Group worth $29,936,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Alamo Group by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company’s stock valued at $134,000,000 after purchasing an additional 12,499 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Alamo Group by 9.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,327 shares of the industrial products company’s stock worth $113,562,000 after purchasing an additional 57,456 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Alamo Group by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 462,758 shares of the industrial products company’s stock worth $77,683,000 after purchasing an additional 31,860 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Alamo Group by 13.1% in the 4th quarter. First Trust Advisors LP now owns 445,105 shares of the industrial products company’s stock worth $74,720,000 after purchasing an additional 51,618 shares during the last quarter. Finally, State Street Corp boosted its position in Alamo Group by 1.3% during the 4th quarter. State Street Corp now owns 409,570 shares of the industrial products company’s stock valued at $68,755,000 after purchasing an additional 5,153 shares during the period. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ALG. DA Davidson reiterated a “neutral” rating and issued a $188.00 target price on shares of Alamo Group in a research note on Wednesday, July 1st. Weiss Ratings lowered shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Zacks Research raised shares of Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $162.53 on Friday. The company has a current ratio of 4.32, a quick ratio of 2.45 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $157.44 and a 200-day simple moving average of $174.20. The company has a market cap of $1.98 billion, a PE ratio of 19.44, a P/E/G ratio of 0.97 and a beta of 1.09. Alamo Group, Inc. has a 12-month low of $145.76 and a 12-month high of $233.29.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.36. The business had revenue of $417.15 million during the quarter, compared to analyst estimates of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. On average, equities research analysts forecast that Alamo Group, Inc. will post 10.65 EPS for the current year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Thursday, July 16th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, July 16th. Alamo Group’s payout ratio is currently 16.27%.

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.