Y Intercept Hong Kong Ltd Buys Shares of 6,250 Alamo Group, Inc. $ALG

Y Intercept Hong Kong Ltd purchased a new position in shares of Alamo Group, Inc. (NYSE:ALG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,250 shares of the industrial products company’s stock, valued at approximately $1,193,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 314 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Alamo Group in the 2nd quarter valued at about $87,000. Globeflex Capital L P bought a new position in shares of Alamo Group during the second quarter worth about $100,000. Tower Research Capital LLC TRC grew its stake in Alamo Group by 152.4% in the second quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 518 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Alamo Group in the second quarter valued at about $202,000. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ALG shares. DA Davidson reduced their target price on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. CJS Securities upgraded shares of Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alamo Group presently has an average rating of “Moderate Buy” and an average price target of $222.33.

Alamo Group Stock Up 1.4%

Alamo Group stock opened at $195.64 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43. Alamo Group, Inc. has a one year low of $156.29 and a one year high of $233.29. The company has a 50-day simple moving average of $177.23 and a 200-day simple moving average of $191.09. The firm has a market capitalization of $2.37 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.08 and a beta of 1.12.

Alamo Group (NYSE:ALG) last posted its earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). Alamo Group had a net margin of 7.20% and a return on equity of 11.11%. The firm had revenue of $420.04 million for the quarter, compared to analyst estimates of $407.55 million. As a group, equities analysts expect that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were issued a $0.34 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. Alamo Group’s dividend payout ratio is currently 14.11%.

Insider Buying and Selling

In other Alamo Group news, CEO Robert Paul Hureau bought 304 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $163.48 per share, for a total transaction of $49,697.92. Following the transaction, the chief executive officer directly owned 12,046 shares in the company, valued at $1,969,280.08. The trade was a 2.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders purchased 1,058 shares of company stock valued at $175,209. 1.18% of the stock is owned by company insiders.

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.