Neumeier Poma Investment Counsel LLC Takes $13.40 Billion Position in Alamo Group, Inc. $ALG

Neumeier Poma Investment Counsel LLC purchased a new position in Alamo Group, Inc. (NYSE:ALG) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 81,490 shares of the industrial products company’s stock, valued at approximately $13,404,290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALG. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Alamo Group during the 2nd quarter worth about $224,000. Quantbot Technologies LP bought a new stake in Alamo Group in the 2nd quarter valued at about $178,000. EP Wealth Advisors LLC bought a new stake in Alamo Group in the 2nd quarter valued at about $454,000. B. Metzler seel. Sohn & Co. AG acquired a new position in Alamo Group during the 2nd quarter worth approximately $943,000. Finally, Value Holdings Management CO. LLC acquired a new position in Alamo Group during the 2nd quarter worth approximately $2,467,000. 92.36% of the stock is owned by institutional investors.

Insider Transactions at Alamo Group

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

Alamo Group Price Performance

Shares of NYSE ALG opened at $164.20 on Monday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 0.97 and a beta of 1.10. 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, Inc. has a fifty-two week low of $145.76 and a fifty-two week high of $224.67. The firm’s 50-day simple moving average is $163.63 and its 200 day simple moving average is $170.18.

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

Alamo Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ALG shares. DA Davidson reissued a “neutral” rating and issued a $188.00 price objective on shares of Alamo Group in a research note on Wednesday, July 1st. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.00.

Alamo Group Profile

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.