Guidance Capital Inc. Has $449,000 Holdings in Alamo Group Inc. (NYSE:ALG)

Guidance Capital Inc. boosted its position in Alamo Group Inc. (NYSE:ALG) by 29.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,087 shares of the industrial products company’s stock after buying an additional 479 shares during the period. Guidance Capital Inc.’s holdings in Alamo Group were worth $449,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ALG. Vanguard Group Inc. lifted its stake in shares of Alamo Group by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 759,699 shares of the industrial products company’s stock valued at $159,681,000 after purchasing an additional 7,121 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Alamo Group by 42.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 399,190 shares of the industrial products company’s stock valued at $83,906,000 after buying an additional 119,636 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Alamo Group by 5.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 267,493 shares of the industrial products company’s stock worth $56,225,000 after buying an additional 14,155 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in Alamo Group by 3.7% during the third quarter. Kennedy Capital Management LLC now owns 135,873 shares of the industrial products company’s stock worth $23,487,000 after acquiring an additional 4,893 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Alamo Group by 14.8% in the third quarter. Invesco Ltd. now owns 90,080 shares of the industrial products company’s stock worth $15,571,000 after purchasing an additional 11,644 shares during the period. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Up 1.2 %

Shares of NYSE ALG traded up $1.99 during mid-day trading on Friday, reaching $173.00. 216,295 shares of the company’s stock traded hands, compared to its average volume of 76,542. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.29 and a quick ratio of 2.49. Alamo Group Inc. has a 1-year low of $157.74 and a 1-year high of $231.40. The stock has a market cap of $2.08 billion, a P/E ratio of 15.39 and a beta of 1.05. The business has a 50-day simple moving average of $188.77 and a 200 day simple moving average of $202.60.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Friday, May 3rd. The industrial products company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.01. Alamo Group had a return on equity of 14.82% and a net margin of 7.92%. The firm had revenue of $425.59 million during the quarter. During the same period in the prior year, the firm posted $2.79 earnings per share. On average, analysts expect that Alamo Group Inc. will post 12.3 EPS for the current fiscal year.

Alamo Group Dividend Announcement

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

Analysts Set New Price Targets

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

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.