Alamo Group, Inc. $ALG Shares Bought by Copeland Capital Management LLC

Copeland Capital Management LLC increased its stake in Alamo Group, Inc. (NYSE:ALG) by 189.3% in the 1st quarter, HoldingsChannel reports. The fund owned 181,465 shares of the industrial products company’s stock after acquiring an additional 118,737 shares during the period. Copeland Capital Management LLC’s holdings in Alamo Group were worth $29,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC raised its holdings in Alamo Group by 136.2% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 177 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 314 shares during the period. Kestra Advisory Services LLC bought a new position in Alamo Group during the 4th quarter valued at $76,000. State of Wyoming boosted its stake in Alamo Group by 76.5% during the 4th quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 205 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Alamo Group by 861.5% during the 4th quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Stock Down 1.9%

Shares of Alamo Group stock opened at $162.53 on Friday. Alamo Group, Inc. has a 12-month low of $145.76 and a 12-month high of $233.29. The firm has a market capitalization of $1.98 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09. The company has a quick ratio of 2.45, a current ratio of 4.32 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $157.44 and its 200-day moving average is $174.20.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.36. The business had revenue of $417.15 million during the quarter, compared to analyst estimates of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. Equities analysts anticipate that Alamo Group, Inc. will post 10.65 earnings per share for the current year.

Alamo Group Dividend Announcement

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

Analysts Set New Price Targets

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