Texas Permanent School Fund lowered its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 7.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,448 shares of the industrial products company’s stock after selling 513 shares during the period. Texas Permanent School Fund owned 0.06% of Alamo Group worth $728,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Alamo Group in the third quarter valued at $111,000. Crossmark Global Holdings Inc. bought a new stake in Alamo Group during the third quarter valued at $210,000. Piedmont Investment Advisors LLC bought a new stake in Alamo Group during the third quarter valued at $223,000. Virtu KCG Holdings LLC bought a new stake in Alamo Group during the second quarter valued at $245,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Alamo Group during the 2nd quarter worth about $285,000. Institutional investors and hedge funds own 91.51% of the company’s stock.
A number of research firms have recently issued reports on ALG. ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Alamo Group presently has an average rating of “Hold” and a consensus price target of $105.00.
In other news, VP Dan Edward Malone sold 900 shares of Alamo Group stock in a transaction on Friday, March 9th. The shares were sold at an average price of $114.39, for a total transaction of $102,951.00. Following the completion of the sale, the vice president now directly owns 11,150 shares of the company’s stock, valued at approximately $1,275,448.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.99% of the company’s stock.
Shares of Alamo Group, Inc. (NYSE:ALG) traded up $0.76 during mid-day trading on Monday, hitting $116.91. 52,008 shares of the stock traded hands, compared to its average volume of 59,196. The stock has a market cap of $1,353.02, a price-to-earnings ratio of 30.65 and a beta of 0.94. Alamo Group, Inc. has a 12 month low of $71.67 and a 12 month high of $120.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.34 and a current ratio of 3.87.
Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Alamo Group had a net margin of 5.54% and a return on equity of 12.07%. The company had revenue of $243.26 million during the quarter, compared to the consensus estimate of $229.40 million. equities research analysts anticipate that Alamo Group, Inc. will post 5.37 earnings per share for the current fiscal year.
Alamo Group Company Profile
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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