California Public Employees Retirement System grew its position in Alamo Group, Inc. (NYSE:ALG) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,147 shares of the industrial products company’s stock after acquiring an additional 4,747 shares during the period. California Public Employees Retirement System owned about 0.20% of Alamo Group worth $2,613,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Alamo Group during the 3rd quarter worth about $111,000. Crossmark Global Holdings Inc. bought a new stake in shares of Alamo Group during the 3rd quarter worth about $210,000. Piedmont Investment Advisors LLC bought a new stake in shares of Alamo Group during the 3rd quarter worth about $223,000. Virginia Retirement Systems ET AL bought a new stake in shares of Alamo Group during the 3rd quarter worth about $344,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Alamo Group during the 4th quarter worth about $384,000. 91.42% of the stock is owned by institutional investors.
Shares of ALG stock opened at $113.92 on Wednesday. The company has a market cap of $1,358.96, a PE ratio of 30.06 and a beta of 0.94. 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, Inc. has a twelve month low of $71.67 and a twelve month high of $120.58.
Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Thursday, March 1st. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The firm had revenue of $243.26 million during the quarter, compared to the consensus estimate of $229.40 million. Alamo Group had a net margin of 4.86% and a return on equity of 12.49%. analysts forecast that Alamo Group, Inc. will post 5.37 earnings per share for the current fiscal year.
Several analysts recently commented on ALG shares. ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded 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 issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $105.00.
In other Alamo Group news, VP Dan Edward Malone sold 900 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $114.39, for a total value of $102,951.00. Following the completion of the sale, the vice president now 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 the SEC website. Insiders own 3.99% of the company’s stock.
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About Alamo Group
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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