The Manufacturers Life Insurance Company Takes Position in Alamo Group, Inc. $ALG

Posted by Francis Steltz on Sep 6th, 2026

The Manufacturers Life Insurance Company purchased a new position in Alamo Group, Inc. (NYSE:ALG – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 5,683 shares of the industrial products company’s stock, valued at approximately $935,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alamo Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company’s stock worth $1,084,000 after acquiring an additional 251 shares during the period. Millennium Management LLC grew its stake in Alamo Group by 164.7% in the first quarter. Millennium Management LLC now owns 63,588 shares of the industrial products company’s stock worth $11,332,000 after purchasing an additional 39,564 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Alamo Group by 12.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,162 shares of the industrial products company’s stock worth $6,444,000 after purchasing an additional 4,062 shares during the period. Finally, Invesco Ltd. increased its holdings in Alamo Group by 83.7% during the 2nd quarter. Invesco Ltd. now owns 77,385 shares of the industrial products company’s stock worth $16,899,000 after purchasing an additional 35,248 shares during the period. 92.36% of the stock is owned by institutional investors.

Insider Transactions at Alamo Group

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

Analyst Ratings Changes

Several equities research analysts have weighed in on ALG shares. DA Davidson reiterated a “neutral” rating and issued a $188.00 target price on shares of Alamo Group in a report on Wednesday, July 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Alamo Group in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Alamo Group has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.

View Our Latest Stock Analysis on ALG

Alamo Group Price Performance

Shares of ALG opened at $173.32 on Friday. The company has a 50 day moving average price of $164.83 and a 200-day moving average price of $167.66. Alamo Group, Inc. has a fifty-two week low of $145.76 and a fifty-two week high of $219.88. The stock has a market capitalization of $2.11 billion, a PE ratio of 20.78, a PEG ratio of 1.03 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.48 and a current ratio of 4.39.

Alamo Group (NYSE:ALG – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.08. The company had revenue of $450.73 million for the quarter, compared to analyst estimates of $437.48 million. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. Equities analysts predict that Alamo Group, Inc. will post 10.56 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

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

About Alamo Group

(Free Report)

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.