Inceptionr LLC Makes New $668,000 Investment in Alamo Group, Inc. $ALG

Inceptionr LLC bought a new stake in shares of Alamo Group, Inc. (NYSE:ALG) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,047 shares of the industrial products company’s stock, valued at approximately $668,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sei Investments Co. boosted its position in shares of Alamo Group by 47.3% in the first quarter. Sei Investments Co. now owns 49,937 shares of the industrial products company’s stock worth $8,236,000 after buying an additional 16,034 shares during the period. Cetera Investment Advisers raised its position in Alamo Group by 72.9% during the first quarter. Cetera Investment Advisers now owns 3,278 shares of the industrial products company’s stock valued at $541,000 after buying an additional 1,382 shares during the period. First Trust Advisors LP lifted its stake in Alamo Group by 5.4% in the 1st quarter. First Trust Advisors LP now owns 469,289 shares of the industrial products company’s stock worth $77,419,000 after acquiring an additional 24,184 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Alamo Group by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,633 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 101 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Alamo Group by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 527,399 shares of the industrial products company’s stock valued at $87,006,000 after acquiring an additional 27,597 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Zacks Research raised shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $188.00 price objective on shares of Alamo Group in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Alamo Group has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $165.32 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.32 and a quick ratio of 2.45. Alamo Group, Inc. has a one year low of $145.76 and a one year high of $233.29. The business’s 50-day moving average price is $158.62 and its two-hundred day moving average price is $173.97. The company has a market capitalization of $2.01 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.36. The company had revenue of $417.15 million during the quarter, compared to the consensus estimate of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. Analysts anticipate that Alamo Group, Inc. will post 10.65 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Thursday, July 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, July 16th. Alamo Group’s dividend payout ratio (DPR) is presently 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.