4,047 Shares in Alamo Group, Inc. $ALG Acquired by Inceptionr LLC

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

Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of Alamo Group by 47.3% during 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. Cetera Investment Advisers grew its position in Alamo Group by 72.9% in the 1st 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 in the last quarter. First Trust Advisors LP grew its position 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 valued at $77,419,000 after buying an additional 24,184 shares in the last quarter. PNC Financial Services Group Inc. increased its stake 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 valued at $269,000 after buying an additional 101 shares during the period. Finally, Dimensional Fund Advisors LP increased 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 buying an additional 27,597 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Trading Up 0.2%

Shares of NYSE:ALG opened at $165.32 on Friday. 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 has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.97 and a beta of 1.09. The company has a 50 day moving average price of $158.62 and a 200 day moving average price of $173.97. Alamo Group, Inc. has a 1-year low of $145.76 and a 1-year high of $233.29.

Alamo Group (NYSE:ALG) last announced its earnings results 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. 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 analyst estimates of $398.02 million. On average, research analysts anticipate that Alamo Group, Inc. will post 10.65 EPS for the current fiscal year.

Alamo Group Announces Dividend

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

Wall Street Analyst Weigh In

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

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.