4,800 Shares in Alamo Group, Inc. $ALG Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Alamo Group, Inc. (NYSE:ALG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,800 shares of the industrial products company’s stock, valued at approximately $792,000.

Other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP purchased a new position in Alamo Group during the second quarter worth approximately $51,427,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Alamo Group during the 4th quarter worth $39,213,000. Goldman Sachs Group Inc. raised its position in shares of Alamo Group by 239.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 157,291 shares of the industrial products company’s stock worth $26,404,000 after buying an additional 110,941 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Alamo Group by 72.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 230,180 shares of the industrial products company’s stock worth $38,641,000 after buying an additional 96,369 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Alamo Group in the fourth quarter valued at $13,049,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings lowered Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. William Blair started coverage on shares of Alamo Group in a research report on Monday, March 16th. They set an “outperform” rating for the company. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, DA Davidson reissued a “neutral” rating and set a $188.00 price target on shares of Alamo Group in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Alamo Group Stock Down 1.7%

Shares of NYSE:ALG traded down $2.98 during trading on Tuesday, hitting $167.91. The company’s stock had a trading volume of 15,195 shares, compared to its average volume of 161,009. The company has a market capitalization of $2.04 billion, a PE ratio of 20.11, a PEG ratio of 1.00 and a beta of 1.09. Alamo Group, Inc. has a fifty-two week low of $145.76 and a fifty-two week high of $233.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.45 and a current ratio of 4.32. The stock’s 50-day moving average price is $158.53 and its two-hundred day moving average price is $174.84.

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

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Thursday, July 16th will be paid a $0.34 dividend. 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 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.