Janus Henderson Group PLC Purchases 20,410 Shares of Alamo Group, Inc. $ALG

Janus Henderson Group PLC grew its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,983 shares of the industrial products company’s stock after purchasing an additional 20,410 shares during the quarter. Janus Henderson Group PLC’s holdings in Alamo Group were worth $27,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ALG. Wasatch Advisors LP purchased a new position in shares of Alamo Group in the second quarter worth approximately $51,427,000. Vaughan Nelson Investment Management L.P. increased its holdings in Alamo Group by 53.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 358,435 shares of the industrial products company’s stock valued at $59,131,000 after buying an additional 124,845 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Alamo Group by 189.3% during the first quarter. Copeland Capital Management LLC now owns 181,465 shares of the industrial products company’s stock valued at $29,936,000 after buying an additional 118,737 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Alamo Group by 239.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 157,291 shares of the industrial products company’s stock worth $26,404,000 after acquiring an additional 110,941 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in Alamo Group by 72.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 230,180 shares of the industrial products company’s stock worth $38,641,000 after acquiring an additional 96,369 shares during the period. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Alamo Group Trading Up 0.0%

Shares of NYSE:ALG opened at $159.13 on Monday. The stock has a 50 day moving average of $159.62 and a 200 day moving average of $173.03. The company has a market cap of $1.94 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 0.93 and a beta of 1.10. The company has a current ratio of 4.32, a quick ratio of 2.45 and a debt-to-equity ratio of 0.23. Alamo Group, Inc. has a 12-month low of $145.76 and a 12-month high of $233.29.

Alamo Group (NYSE:ALG) last released its earnings results on Monday, May 4th. The industrial products company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.36. Alamo Group had a net margin of 6.21% and a return on equity of 9.71%. The company had revenue of $417.15 million for the quarter, compared to analysts’ expectations of $398.02 million. As a group, equities research analysts expect that Alamo Group, Inc. will post 10.65 EPS for the current year.

Alamo Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 16th. Alamo Group’s dividend payout ratio is presently 16.27%.

About Alamo Group

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.