Jupiter Topco LLC Takes Position in Alamo Group, Inc. $ALG

Jupiter Topco LLC acquired a new stake in Alamo Group, Inc. (NYSE:ALG) during the second quarter, Holdings Channel reports. The fund acquired 173,979 shares of the industrial products company’s stock, valued at approximately $28,617,000.

A number of other large investors have also recently added to or reduced their stakes in ALG. Natixis Advisors LLC raised its holdings in Alamo Group by 209.0% during the 4th quarter. Natixis Advisors LLC now owns 49,217 shares of the industrial products company’s stock valued at $8,262,000 after acquiring an additional 33,291 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Alamo Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company’s stock worth $134,000,000 after acquiring an additional 12,499 shares during the period. UBS Group AG grew its position in shares of Alamo Group by 26.7% in the fourth quarter. UBS Group AG now owns 58,708 shares of the industrial products company’s stock valued at $9,855,000 after purchasing an additional 12,361 shares in the last quarter. Sei Investments Co. grew 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 valued at $8,236,000 after purchasing an additional 16,034 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Alamo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 167,983 shares of the industrial products company’s stock valued at $27,713,000 after purchasing an additional 20,410 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alamo Group

In related news, EVP Edward Rizzuti sold 2,715 shares of Alamo Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the transaction, the executive vice president directly owned 8,142 shares of the company’s stock, valued at $1,338,626.22. The trade was a 25.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ALG. DA Davidson reissued a “neutral” rating and issued a $188.00 price target on shares of Alamo Group in a report on Wednesday, July 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Alamo Group in a research report on Friday, August 21st. Finally, Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One equities 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. Based on data from MarketBeat.com, Alamo Group has an average rating of “Moderate Buy” and a consensus price target of $188.00.

Alamo Group Trading Up 0.6%

NYSE ALG opened at $165.09 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10. Alamo Group, Inc. has a 1-year low of $145.76 and a 1-year high of $219.88. The stock has a 50-day moving average of $164.36 and a 200-day moving average of $169.07. The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.08. The business had revenue of $450.73 million for the quarter, compared to analyst estimates of $437.48 million. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. As a group, sell-side analysts forecast that Alamo Group, Inc. will post 10.56 EPS for the current year.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were issued a $0.34 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Alamo Group’s dividend payout ratio (DPR) is currently 16.31%.

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.