Value Holdings Management CO. LLC Acquires New Holdings in Alamo Group, Inc. $ALG

Value Holdings Management CO. LLC acquired a new position in Alamo Group, Inc. (NYSE:ALG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,000 shares of the industrial products company’s stock, valued at approximately $2,467,000. Alamo Group makes up about 0.4% of Value Holdings Management CO. LLC’s holdings, making the stock its 24th largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new stake in Alamo Group during the 2nd quarter valued at $35,000. Jones Financial Companies Lllp raised its position in shares of Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 314 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Alamo Group in the 4th quarter worth $76,000. State of Wyoming lifted its stake in shares of Alamo Group by 76.5% during the 4th quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 205 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake 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 worth $84,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ALG shares. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, DA Davidson restated a “neutral” rating and issued a $188.00 price target on shares of Alamo Group in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.00.

Alamo Group Stock Performance

Shares of ALG stock opened at $162.08 on Friday. The business’s fifty day simple moving average is $163.42 and its 200-day simple moving average is $170.40. The company has a market cap of $1.97 billion, a PE ratio of 19.43, a PEG ratio of 0.96 and a beta of 1.10. The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22. Alamo Group, Inc. has a 12-month low of $145.76 and a 12-month high of $224.67.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%.The firm had revenue of $450.73 million during the quarter, compared to analysts’ expectations of $437.48 million. Analysts expect that Alamo Group, Inc. will post 10.56 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. The ex-dividend date was 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 (DPR) is 16.31%.

Insiders Place Their Bets

In other Alamo Group news, EVP Edward Rizzuti sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.41, for a total value of $446,373.15. Following the completion of the sale, the executive vice president owned 8,142 shares of the company’s stock, valued at approximately $1,338,626.22. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

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.