XTX Topco Ltd Increases Stock Position in Alamo Group Inc. (NYSE:ALG)

XTX Topco Ltd raised its holdings in shares of Alamo Group Inc. (NYSE:ALG) by 57.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,194 shares of the industrial products company’s stock after purchasing an additional 1,167 shares during the period. XTX Topco Ltd’s holdings in Alamo Group were worth $553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. boosted its position in shares of Alamo Group by 73.4% during the first quarter. Contravisory Investment Management Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Shaker Investments LLC OH boosted its holdings in shares of Alamo Group by 1.5% during the 1st quarter. Shaker Investments LLC OH now owns 3,991 shares of the industrial products company’s stock valued at $911,000 after acquiring an additional 58 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Alamo Group by 2.1% in the second quarter. Arizona State Retirement System now owns 3,034 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 63 shares during the period. Diversified Trust Co grew its stake in shares of Alamo Group by 5.2% in the first quarter. Diversified Trust Co now owns 1,451 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 72 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Alamo Group by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 5,200 shares of the industrial products company’s stock valued at $900,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Down 0.5 %

ALG opened at $180.27 on Tuesday. The firm’s 50 day simple moving average is $180.12 and its two-hundred day simple moving average is $189.47. The company has a market capitalization of $2.17 billion, a PE ratio of 16.04 and a beta of 1.07. Alamo Group Inc. has a 1-year low of $157.74 and a 1-year high of $231.40. The company has a current ratio of 4.37, a quick ratio of 2.52 and a debt-to-equity ratio of 0.28.

Alamo Group (NYSE:ALG) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.44). The company had revenue of $416.30 million for the quarter. Alamo Group had a net margin of 7.56% and a return on equity of 13.51%. During the same quarter in the previous year, the business earned $3.03 EPS. As a group, equities analysts forecast that Alamo Group Inc. will post 10.23 EPS for the current year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Tuesday, July 16th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Tuesday, July 16th. Alamo Group’s payout ratio is 9.25%.

Insider Buying and Selling at Alamo Group

In other news, EVP Edward Rizzuti sold 322 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the sale, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at $1,384,421.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the transaction, the executive vice president now owns 7,765 shares of the company’s stock, valued at $1,384,421.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Hodges Raborn sold 300 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the sale, the executive vice president now owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ALG has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, DA Davidson increased their target price on Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, August 28th.

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.