5,683 Shares in Alamo Group, Inc. $ALG Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in shares of Alamo Group, Inc. (NYSE:ALG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,683 shares of the industrial products company’s stock, valued at approximately $935,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Alamo Group in the second quarter worth about $288,972,000. Wasatch Advisors LP bought a new position in shares of Alamo Group during the 2nd quarter valued at approximately $51,427,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of Alamo Group by 53.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 358,435 shares of the industrial products company’s stock valued at $59,131,000 after acquiring an additional 124,845 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Alamo Group by 189.3% in the first quarter. Copeland Capital Management LLC now owns 181,465 shares of the industrial products company’s stock valued at $29,936,000 after purchasing an additional 118,737 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Alamo Group by 239.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 157,291 shares of the industrial products company’s stock valued at $26,404,000 after purchasing an additional 110,941 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Alamo Group Price Performance

Shares of Alamo Group stock opened at $173.32 on Friday. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth 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. The stock 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 one year low of $145.76 and a one year high of $219.88.

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

Alamo Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Alamo Group’s payout ratio is 16.31%.

Insiders Place Their Bets

In other news, EVP Edward Rizzuti sold 2,715 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the sale, the executive vice president owned 8,142 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 1.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alamo Group in a research note on Friday, August 21st. 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.