3,485 Shares in Alamo Group, Inc. $ALG Purchased by First National Bank of Omaha

First National Bank of Omaha bought a new stake in Alamo Group, Inc. (NYSE:ALG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,485 shares of the industrial products company’s stock, valued at approximately $573,000.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in Alamo Group by 0.4% during the 3rd quarter. Natixis Advisors LLC now owns 15,926 shares of the industrial products company’s stock valued at $3,040,000 after buying an additional 61 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Alamo Group by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,633 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 101 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Alamo Group by 1.7% in the fourth quarter. State of Alaska Department of Revenue now owns 6,250 shares of the industrial products company’s stock valued at $1,048,000 after acquiring an additional 106 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Alamo Group by 0.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,970 shares of the industrial products company’s stock valued at $4,192,000 after acquiring an additional 117 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Alamo Group by 1.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,744 shares of the industrial products company’s stock valued at $1,472,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Stock Up 1.7%

Shares of Alamo Group stock opened at $162.01 on Thursday. The stock’s fifty day moving average is $163.27 and its 200-day moving average is $170.63. The firm has a market capitalization of $1.97 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22. Alamo Group, Inc. has a 12-month low of $145.76 and a 12-month high of $224.67.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%.The business had revenue of $450.73 million during the quarter, compared to analyst estimates of $437.48 million. Equities analysts anticipate that Alamo Group, Inc. will post 10.56 earnings per share for the current year.

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Alamo Group’s dividend payout ratio is currently 16.31%.

Analysts Set New Price Targets

Several brokerages recently commented on ALG. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings lowered Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, DA Davidson reiterated a “neutral” rating and set a $188.00 price target on shares of Alamo Group in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alamo Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.

Insider Buying and Selling

In other Alamo Group news, EVP Edward Rizzuti sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the completion of the transaction, the executive vice president directly owned 8,142 shares in the company, valued at $1,338,626.22. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.