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

EntryPoint Capital LLC raised its holdings in Alamo Group Inc. (NYSE:ALG) by 115.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,520 shares of the industrial products company’s stock after purchasing an additional 1,353 shares during the quarter. EntryPoint Capital LLC’s holdings in Alamo Group were worth $468,000 as of its most recent filing with the SEC.

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

Alamo Group Trading Down 0.7 %

Shares of ALG opened at $186.69 on Wednesday. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $228.88. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.26 billion, a P/E ratio of 18.80 and a beta of 1.10. The firm’s 50-day moving average is $184.74 and its two-hundred day moving average is $184.66.

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

Alamo Group Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.