Quadrature Capital Ltd Buys 7,311 Shares of Alamo Group Inc. (NYSE:ALG)

Quadrature Capital Ltd increased its stake in shares of Alamo Group Inc. (NYSE:ALG) by 62.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,021 shares of the industrial products company’s stock after acquiring an additional 7,311 shares during the quarter. Quadrature Capital Ltd owned about 0.16% of Alamo Group worth $4,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC bought a new position in shares of Alamo Group during the fourth quarter worth $52,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Alamo Group during the fourth quarter worth $208,000. FCA Corp TX bought a new position in shares of Alamo Group during the fourth quarter worth $210,000. Raymond James & Associates bought a new position in shares of Alamo Group during the fourth quarter worth $215,000. Finally, Semanteon Capital Management LP bought a new position in shares of Alamo Group during the fourth quarter worth $230,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

ALG has been the subject of a number of research reports. StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. DA Davidson lowered their price objective on shares of Alamo Group from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th.

Alamo Group Price Performance

ALG stock opened at $175.74 on Wednesday. Alamo Group Inc. has a 52 week low of $157.74 and a 52 week high of $231.40. The company has a quick ratio of 2.49, a current ratio of 4.29 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $194.83 and a two-hundred day simple moving average of $203.57. The firm has a market capitalization of $2.12 billion, a P/E ratio of 15.64 and a beta of 1.05.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.66 by $0.01. Alamo Group had a net margin of 7.92% and a return on equity of 14.82%. The business had revenue of $425.59 million during the quarter. During the same quarter last year, the business earned $2.79 EPS. Analysts anticipate that Alamo Group Inc. will post 12.3 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were issued a $0.26 dividend. The ex-dividend date was Monday, April 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.59%. Alamo Group’s dividend payout ratio (DPR) is presently 9.25%.

Insider Transactions at Alamo Group

In other news, EVP Michael A. Haberman sold 418 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the completion of the sale, the executive vice president now owns 19,206 shares in the company, valued at approximately $4,299,647.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Alamo Group Company 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.