Jefferies Financial Group Inc. Buys New Position in Alamo Group, Inc. $ALG

Jefferies Financial Group Inc. purchased a new stake in Alamo Group, Inc. (NYSE:ALG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,679 shares of the industrial products company’s stock, valued at approximately $605,000.

Several other institutional investors have also added to or reduced their stakes in ALG. BlackRock Inc. acquired a new position in shares of Alamo Group during the second quarter valued at about $288,972,000. Vanguard Group Inc. boosted its stake in Alamo Group by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company’s stock worth $134,000,000 after purchasing an additional 12,499 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Alamo Group by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 527,399 shares of the industrial products company’s stock worth $87,006,000 after purchasing an additional 27,597 shares during the last quarter. First Trust Advisors LP grew its position in Alamo Group by 5.4% during the 1st quarter. First Trust Advisors LP now owns 469,289 shares of the industrial products company’s stock worth $77,419,000 after purchasing an additional 24,184 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Alamo Group by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 462,758 shares of the industrial products company’s stock valued at $77,683,000 after purchasing an additional 31,860 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

ALG has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alamo Group in a report on Friday, August 21st. DA Davidson reissued a “neutral” rating and set a $188.00 price objective on shares of Alamo Group in a report on Wednesday, July 1st. Finally, Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $188.00.

Alamo Group Stock Down 0.2%

Shares of ALG opened at $164.87 on Tuesday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.98 and a beta of 1.10. Alamo Group, Inc. has a 52 week low of $145.76 and a 52 week high of $219.88. The stock’s 50-day moving average price is $164.42 and its 200-day moving average price is $168.49. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%.The company had revenue of $450.73 million during the quarter, compared to analysts’ expectations of $437.48 million. On average, sell-side analysts predict that Alamo Group, Inc. will post 10.56 EPS for the current year.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 16th. Alamo Group’s payout ratio is 16.31%.

Insider Buying and Selling at Alamo Group

In related news, EVP Edward Rizzuti sold 2,715 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the completion of the transaction, the executive vice president directly owned 8,142 shares in the company, valued at $1,338,626.22. The trade was a 25.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

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.