OxFORD Asset Management LLP raised its holdings in Alamo Group, Inc. (NYSE:ALG) by 37.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,228 shares of the industrial products company’s stock after acquiring an additional 4,459 shares during the period. OxFORD Asset Management LLP owned approximately 0.14% of Alamo Group worth $1,474,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ALG. BlackRock Inc. raised its holdings in shares of Alamo Group by 1,076.3% in the 1st quarter. BlackRock Inc. now owns 1,275,432 shares of the industrial products company’s stock valued at $97,174,000 after acquiring an additional 1,167,004 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Alamo Group by 37.5% in the 1st quarter. Bank of New York Mellon Corp now owns 179,240 shares of the industrial products company’s stock valued at $13,655,000 after acquiring an additional 48,873 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Alamo Group by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 496,485 shares of the industrial products company’s stock valued at $37,828,000 after acquiring an additional 41,187 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Alamo Group by 69.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 95,920 shares of the industrial products company’s stock valued at $8,711,000 after acquiring an additional 39,455 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Alamo Group by 80.9% in the 2nd quarter. Prudential Financial Inc. now owns 62,659 shares of the industrial products company’s stock valued at $5,690,000 after acquiring an additional 28,030 shares in the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Alamo Group, Inc. (NYSE:ALG) opened at 108.57 on Wednesday. Alamo Group, Inc. has a one year low of $58.30 and a one year high of $111.02. The stock has a market capitalization of $1.26 billion, a PE ratio of 27.91 and a beta of 0.95. The company’s 50 day moving average price is $98.06 and its 200-day moving average price is $89.03.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.05. The firm had revenue of $213.28 million during the quarter, compared to analyst estimates of $217.90 million. Alamo Group had a return on equity of 11.78% and a net margin of 5.32%. Analysts expect that Alamo Group, Inc. will post $4.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Monday, October 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Friday, October 13th. Alamo Group’s payout ratio is presently 10.28%.

Several analysts have weighed in on the company. ValuEngine cut Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut Alamo Group from a “buy” rating to a “hold” rating in a report on Monday. Piper Jaffray Companies set a $104.00 price target on Alamo Group and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, BidaskClub cut Alamo Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Alamo Group has a consensus rating of “Hold” and an average target price of $99.33.

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In related news, EVP Richard Hodges Raborn sold 364 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $92.19, for a total transaction of $33,557.16. Following the completion of the transaction, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at $414,855. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Geoff Davies sold 4,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $98.16, for a total value of $392,640.00. Following the transaction, the vice president now directly owns 3,800 shares of the company’s stock, valued at $373,008. The disclosure for this sale can be found here. 3.99% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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