278 Shares in Alamo Group Inc. (NYSE:ALG) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alamo Group Inc. (NYSE:ALG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 278 shares of the industrial products company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake in shares of Alamo Group by 366.0% in the second quarter. Squarepoint Ops LLC now owns 20,928 shares of the industrial products company’s stock valued at $3,621,000 after acquiring an additional 16,437 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Alamo Group during the 2nd quarter worth $643,000. Point72 DIFC Ltd purchased a new stake in Alamo Group during the 2nd quarter worth about $248,000. Marshall Wace LLP raised its position in Alamo Group by 94.1% in the 2nd quarter. Marshall Wace LLP now owns 3,904 shares of the industrial products company’s stock valued at $675,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Alamo Group by 8.6% in the 2nd quarter. Bank of Montreal Can now owns 2,204 shares of the industrial products company’s stock valued at $400,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Performance

Shares of ALG opened at $180.13 on Tuesday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 16.03 and a beta of 1.07. 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 2.52, a current ratio of 4.37 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $179.79 and a 200 day moving average price of $188.82.

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

Insider Transactions at Alamo Group

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. DA Davidson lifted their price objective on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

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.