2 weeks Ago By Defense World Staff
American Century Companies Inc. grew its stake in shares of Alamo Group Inc. ( NYSE:ALG – Free Report ) by 50.
5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,512 shares of the industrial products company’s stock after buying an additional 2,521 shares during the quarter. American Century Companies Inc.
owned approximately 0.06% of Alamo Group worth $1,300,000 as of its most recent SEC filing. Several other institutional investors also recently modified their holdings of ALG.
Contravisory Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 47 shares during the period. First Horizon Advisors Inc.
raised its stake in Alamo Group by 174.7% during the 2nd quarter. First Horizon Advisors Inc.
now owns 250 shares of the industrial products company’s stock worth $43,000 after buying an additional 159 shares during the period. nVerses Capital LLC bought a new position in Alamo Group in the second quarter worth approximately $52,000. Bessemer Group Inc.
grew its stake in Alamo Group by 1,885.7% in the first quarter. Bessemer Group Inc.
now owns 278 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 264 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Alamo Group during the first quarter valued at approximately $235,000. 92.
36% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In Several research firms have weighed in on ALG. DA Davidson upped their price objective on shares of Alamo Group from $209.
00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Robert W.
Baird lowered their price objective on Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.
Finally, StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Insider Activity In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the business’s stock in a transaction dated Monday, August 19th.
The shares were sold at an average price of $178.29, for a total value of $57,409.38.
Following the transaction, the executive vice president now directly owns 7,765 shares in the company, valued at $1,384,421.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
In related news, EVP Richard Hodges Raborn sold 300 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.
00. Following the sale, the executive vice president now directly owns 11,061 shares in the company, valued at approximately $2,005,138.08.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $178.
29, for a total transaction of $57,409.38. Following the sale, the executive vice president now directly owns 7,765 shares in the company, valued at $1,384,421.
85. The disclosure for this sale can be found here . Insiders own 1.
40% of the company’s stock. Alamo Group Stock Down 0.5 % ALG opened at $180.
13 on Tuesday. Alamo Group Inc. has a fifty-two week low of $157.
74 and a fifty-two week high of $231.40. The firm has a market capitalization of $2.
17 billion, a P/E ratio of 16.10 and a beta of 1.07.
The company’s 50-day moving average is $179.79 and its 200 day moving average is $188.82.
The company has a debt-to-equity ratio of 0.28, a current ratio of 4.37 and a quick ratio of 2.
52. Alamo Group ( NYSE:ALG – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $2.
35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.44).
The business had revenue of $416.30 million during the quarter. Alamo Group had a return on equity of 13.
51% and a net margin of 7.56%. During the same quarter in the previous year, the firm earned $3.
03 EPS. Research analysts expect that Alamo Group Inc. will post 10.
23 earnings per share for the current fiscal year. Alamo Group Company Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Alamo Group What Are the FAANG Stocks and Are They Good Investments? TJX Stock: A Buying Opportunity Before the Holiday Rush What is a Low P/E Ratio and What Does it Tell Investors? Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge 3 Small Caps With Big Return Potential Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Alamo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamo Group and related companies with MarketBeat.com's FREE daily email newsletter .
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