Guidance Capital Inc. Raises Stock Position in Alamo Group Inc. (NYSE:ALG)

Guidance Capital Inc. lifted its stake in Alamo Group Inc. (NYSE:ALG) by 29.8% in the 1st quarter, HoldingsChannel reports. The firm owned 2,087 shares of the industrial products company’s stock after buying an additional 479 shares during the quarter. Guidance Capital Inc.’s holdings in Alamo Group were worth $449,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Contravisory Investment Management Inc. lifted its position in 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 period. Yousif Capital Management LLC increased its position in Alamo Group by 2.9% during the 4th quarter. Yousif Capital Management LLC now owns 5,267 shares of the industrial products company’s stock valued at $1,107,000 after buying an additional 147 shares in the last quarter. Quest Partners LLC purchased a new position in Alamo Group during the fourth quarter valued at $52,000. Deutsche Bank AG boosted its holdings in Alamo Group by 12.3% in the third quarter. Deutsche Bank AG now owns 5,636 shares of the industrial products company’s stock worth $974,000 after acquiring an additional 617 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Alamo Group in the fourth quarter worth $208,000. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Up 1.2 %

Shares of Alamo Group stock traded up $1.99 on Friday, reaching $173.00. The company’s stock had a trading volume of 216,295 shares, compared to its average volume of 76,542. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 15.39 and a beta of 1.05. The company has a quick ratio of 2.49, a current ratio of 4.29 and a debt-to-equity ratio of 0.32. Alamo Group Inc. has a 52 week low of $157.74 and a 52 week high of $231.40. The firm’s fifty day simple moving average is $188.77 and its two-hundred day simple moving average is $202.60.

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, topping the consensus estimate of $2.66 by $0.01. The company had revenue of $425.59 million during the quarter. Alamo Group had a return on equity of 14.82% and a net margin of 7.92%. During the same quarter in the previous year, the business posted $2.79 earnings per share. Equities analysts anticipate that Alamo Group Inc. will post 12.3 earnings per share for the current year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given a dividend of $0.26 per share. The ex-dividend date was Monday, April 15th. This represents a $1.04 dividend on an annualized basis and a yield of 0.60%. Alamo Group’s dividend payout ratio (DPR) is 9.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ALG shares. DA Davidson lowered their price target on Alamo Group from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Alamo Group 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.