Alamo Group Inc. (NYSE:ALG) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its position in shares of Alamo Group Inc. (NYSE:ALG) by 115.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,520 shares of the industrial products company’s stock after acquiring an additional 1,353 shares during the quarter. EntryPoint Capital LLC’s holdings in Alamo Group were worth $468,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALG. Smartleaf Asset Management LLC boosted its stake in shares of Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 168 shares during the period. KBC Group NV boosted its position in Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after buying an additional 189 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Alamo Group by 192.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 534 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Alamo Group during the fourth quarter worth $200,000. Finally, Choreo LLC acquired a new stake in shares of Alamo Group in the fourth quarter valued at $201,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ALG shares. Robert W. Baird cut Alamo Group from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Industrial Alliance Securities set a $217.00 target price on shares of Alamo Group in a research note on Monday, March 3rd. StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. DA Davidson dropped their price objective on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, Baird R W cut shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th.

Alamo Group Stock Performance

Shares of ALG opened at $186.69 on Wednesday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 18.80 and a beta of 1.10. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $228.88. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $184.74 and a 200 day moving average price of $184.66.

Alamo Group (NYSE:ALG) last issued its earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The business had revenue of $385.32 million during the quarter, compared to analysts’ expectations of $396.85 million. Research analysts predict that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were issued a $0.30 dividend. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, January 16th. Alamo Group’s payout ratio is presently 12.46%.

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.