Kennedy Capital Management LLC Grows Stock Holdings in Alamo Group, Inc. $ALG

Kennedy Capital Management LLC boosted its position in Alamo Group, Inc. (NYSE:ALG) by 16.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 183,065 shares of the industrial products company’s stock after acquiring an additional 25,485 shares during the period. Alamo Group comprises approximately 0.7% of Kennedy Capital Management LLC’s holdings, making the stock its 15th biggest holding. Kennedy Capital Management LLC’s holdings in Alamo Group were worth $30,731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALG. Barclays PLC grew its stake in shares of Alamo Group by 7.4% during the 4th quarter. Barclays PLC now owns 20,125 shares of the industrial products company’s stock valued at $3,378,000 after buying an additional 1,388 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Alamo Group during the 4th quarter valued at $76,000. Marshall Wace LLP grew its stake in shares of Alamo Group by 193.4% during the 4th quarter. Marshall Wace LLP now owns 57,213 shares of the industrial products company’s stock valued at $9,604,000 after buying an additional 37,715 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Alamo Group by 4.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,180 shares of the industrial products company’s stock valued at $1,539,000 after buying an additional 409 shares during the period. Finally, Stifel Financial Corp purchased a new stake in shares of Alamo Group during the 4th quarter valued at $739,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alamo Group news, EVP Edward Rizzuti sold 600 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $170.93, for a total value of $102,558.00. Following the transaction, the executive vice president owned 10,857 shares in the company, valued at $1,855,787.01. The trade was a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

Alamo Group Stock Performance

Shares of ALG stock opened at $153.49 on Friday. Alamo Group, Inc. has a 12 month low of $145.76 and a 12 month high of $233.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.32 and a quick ratio of 2.45. The firm has a market capitalization of $1.87 billion, a P/E ratio of 18.36, a P/E/G ratio of 0.91 and a beta of 1.11. The company’s fifty day moving average price is $161.22 and its two-hundred day moving average price is $175.11.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data 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 firm 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 10.61 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were issued a $0.34 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. Alamo Group’s payout ratio is currently 16.27%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. William Blair assumed coverage on shares of Alamo Group in a research note on Monday, March 16th. They set an “outperform” rating for the company. Zacks Research raised shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, DA Davidson lowered their price objective on shares of Alamo Group from $190.00 to $188.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.