1,014 Shares in Alamo Group, Inc. $ALG Bought by Vista Finance LLC

Vista Finance LLC purchased a new position in shares of Alamo Group, Inc. (NYSE:ALG) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,014 shares of the industrial products company’s stock, valued at approximately $221,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Alamo Group by 110.6% during the 1st quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 125 shares during the period. Nisa Investment Advisors LLC raised its position in Alamo Group by 30.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company’s stock worth $47,000 after buying an additional 61 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Alamo Group by 31.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company’s stock worth $49,000 after buying an additional 65 shares during the last quarter. Jones Financial Companies Lllp raised its position 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 worth $58,000 after buying an additional 314 shares during the last quarter. Finally, CWM LLC raised its position in Alamo Group by 520.9% during the 1st quarter. CWM LLC now owns 981 shares of the industrial products company’s stock worth $175,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffery Allen Leonard sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.19, for a total value of $555,475.00. Following the transaction, the chief executive officer owned 38,413 shares in the company, valued at approximately $8,534,984.47. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

Alamo Group Price Performance

ALG opened at $180.22 on Friday. The company’s 50 day simple moving average is $203.64 and its 200 day simple moving average is $201.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.76 and a current ratio of 4.56. Alamo Group, Inc. has a 1 year low of $157.07 and a 1 year high of $233.29. The stock has a market capitalization of $2.18 billion, a PE ratio of 18.35, a P/E/G ratio of 0.94 and a beta of 1.08.

Alamo Group (NYSE:ALG) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.12). Alamo Group had a return on equity of 11.45% and a net margin of 7.41%.The company had revenue of $419.07 million during the quarter, compared to analyst estimates of $406.75 million. As a group, sell-side analysts expect that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 28th. Investors of record on Wednesday, October 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.20 annualized dividend and a yield of 0.7%. Alamo Group’s dividend payout ratio (DPR) is presently 12.22%.

Wall Street Analyst Weigh In

Several analysts recently commented on ALG shares. Baird R W upgraded shares of Alamo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alamo Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Friday, September 5th. DA Davidson restated a “neutral” rating and set a $225.00 target price on shares of Alamo Group in a report on Tuesday, July 22nd. Finally, Robert W. Baird upgraded shares of Alamo Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $209.00 to $260.00 in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Alamo Group presently has an average rating of “Buy” and a consensus target price of $234.00.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.