Louisiana State Employees Retirement System Invests $1.09 Million in Alamo Group Inc. (NYSE:ALG)

Louisiana State Employees Retirement System purchased a new position in shares of Alamo Group Inc. (NYSE:ALG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,200 shares of the industrial products company’s stock, valued at approximately $1,093,000.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates acquired a new position in shares of Alamo Group during the fourth quarter worth $215,000. Diversified Trust Co acquired a new position in Alamo Group in the fourth quarter valued at $290,000. TIAA Trust National Association acquired a new position in Alamo Group in the third quarter valued at $257,000. Lido Advisors LLC acquired a new position in Alamo Group in the third quarter valued at $263,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Alamo Group by 91.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 2,509 shares of the industrial products company’s stock valued at $434,000 after buying an additional 1,196 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Trading Up 0.2 %

ALG opened at $204.99 on Wednesday. Alamo Group Inc. has a 1-year low of $157.74 and a 1-year high of $231.40. The company has a current ratio of 3.76, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.47 billion, a P/E ratio of 18.04 and a beta of 1.04. The company has a fifty day moving average price of $211.20 and a two-hundred day moving average price of $199.26.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.22). Alamo Group had a net margin of 8.06% and a return on equity of 15.52%. The company had revenue of $417.54 million during the quarter. Analysts predict that Alamo Group Inc. will post 13.17 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Monday, April 15th. Alamo Group’s dividend payout ratio (DPR) is currently 9.15%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ALG shares. DA Davidson boosted their target price on shares of Alamo Group from $230.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. StockNews.com upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Wednesday.

Insider Buying and Selling at Alamo Group

In other news, EVP Michael A. Haberman sold 418 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total transaction of $93,577.66. Following the completion of the sale, the executive vice president now directly owns 19,206 shares of the company’s stock, valued at $4,299,647.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

About Alamo Group

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.