Vista Finance LLC Invests $221,000 in Alamo Group, Inc. $ALG

Vista Finance LLC purchased a new position in Alamo Group, Inc. (NYSE:ALG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,014 shares of the industrial products company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALG. GAMMA Investing LLC raised its stake in Alamo Group by 110.6% during the first 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 stake in Alamo Group by 30.0% during the first quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC raised its stake in Alamo Group by 31.6% during the first quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 65 shares during the period. Jones Financial Companies Lllp raised its stake in Alamo Group by 3,140.0% during 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 during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Alamo Group in the 2nd quarter valued at approximately $202,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Alamo Group Trading Down 2.0%

NYSE ALG opened at $180.22 on Friday. The company has a quick ratio of 2.76, a current ratio of 4.56 and a debt-to-equity ratio of 0.18. Alamo Group, Inc. has a 52 week low of $157.07 and a 52 week high of $233.29. The stock has a market capitalization of $2.18 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 0.94 and a beta of 1.08. The firm has a 50 day moving average of $203.64 and a two-hundred day moving average of $201.27.

Alamo Group (NYSE:ALG) last issued 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 net margin of 7.41% and a return on equity of 11.45%. The company had revenue of $419.07 million during the quarter, compared to analyst estimates of $406.75 million. As a group, research analysts expect that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 28th. Stockholders 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 dividend yield of 0.7%. Alamo Group’s dividend payout ratio is presently 12.22%.

Insider Activity

In other news, CEO Jeffery Allen Leonard sold 2,500 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 38,413 shares in the company, valued at approximately $8,534,984.47. This represents a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.18% of the company’s stock.

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.