Point72 Asia Singapore Pte. Ltd. Takes $48,000 Position in Alamo Group Inc. (NYSE:ALG)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alamo Group Inc. (NYSE:ALG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 278 shares of the industrial products company’s stock, valued at approximately $48,000.

Other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. raised its stake in shares of Alamo Group by 73.4% in the first quarter. Contravisory Investment Management Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 47 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Alamo Group by 174.7% during the second quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock valued at $43,000 after buying an additional 159 shares during the period. Quarry LP bought a new position in shares of Alamo Group during the second quarter valued at approximately $48,000. nVerses Capital LLC bought a new position in shares of Alamo Group during the second quarter valued at approximately $52,000. Finally, Bessemer Group Inc. raised its holdings in shares of Alamo Group by 1,885.7% in the first quarter. Bessemer Group Inc. now owns 278 shares of the industrial products company’s stock worth $63,000 after buying an additional 264 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALG shares. Robert W. Baird dropped their price objective on Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. DA Davidson boosted their target price on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

Insider Transactions at Alamo Group

In other news, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $178.29, for a total transaction of $57,409.38. Following the transaction, the executive vice president now owns 7,765 shares in the company, valued at $1,384,421.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Richard Hodges Raborn sold 300 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the completion of the transaction, the executive vice president now directly owns 11,061 shares in the company, valued at $2,005,138.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the sale, the executive vice president now owns 7,765 shares in the company, valued at approximately $1,384,421.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Alamo Group Trading Up 1.9 %

Shares of NYSE ALG opened at $175.76 on Friday. Alamo Group Inc. has a twelve month low of $157.74 and a twelve month high of $231.40. The firm has a market cap of $2.12 billion, a PE ratio of 15.64 and a beta of 1.06. The business has a fifty day simple moving average of $178.51 and a two-hundred day simple moving average of $187.95. The company has a quick ratio of 2.52, a current ratio of 4.37 and a debt-to-equity ratio of 0.28.

Alamo Group (NYSE:ALG) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.44). Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. The business had revenue of $416.30 million for the quarter. During the same quarter last year, the firm posted $3.03 EPS. Analysts expect that Alamo Group Inc. will post 10.23 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 annualized dividend and a yield of 0.59%. Alamo Group’s dividend payout ratio (DPR) is 9.25%.

Alamo Group 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.