JNBA Financial Advisors Acquires Shares of 205 Alamo Group Inc. (NYSE:ALG)

JNBA Financial Advisors bought a new position in Alamo Group Inc. (NYSE:ALG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 205 shares of the industrial products company’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ALG. Harbor Capital Advisors Inc. boosted its holdings in Alamo Group by 152.5% during the third quarter. Harbor Capital Advisors Inc. now owns 46,449 shares of the industrial products company’s stock worth $8,367,000 after purchasing an additional 28,054 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Alamo Group by 700.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. Tributary Capital Management LLC grew its holdings in shares of Alamo Group by 9.7% in the third quarter. Tributary Capital Management LLC now owns 100,491 shares of the industrial products company’s stock valued at $18,101,000 after acquiring an additional 8,851 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Alamo Group by 128.7% in the third quarter. GHP Investment Advisors Inc. now owns 10,252 shares of the industrial products company’s stock valued at $1,847,000 after acquiring an additional 5,769 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Alamo Group by 1,486.1% during the third quarter. Assenagon Asset Management S.A. now owns 71,186 shares of the industrial products company’s stock valued at $12,823,000 after acquiring an additional 66,698 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson boosted their price objective on Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird raised their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday.

Alamo Group Stock Up 5.4 %

Alamo Group stock opened at $196.89 on Thursday. The firm has a 50 day simple moving average of $177.57 and a 200 day simple moving average of $181.60. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a 1-year low of $163.74 and a 1-year high of $231.40. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 19.83 and a beta of 1.08.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. Alamo Group’s payout ratio is 10.47%.

Insiders Place Their Bets

In other news, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $54,384.00. Following the completion of the transaction, the executive vice president now directly owns 11,061 shares in the company, valued at $2,005,138.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward Rizzuti sold 322 shares of the firm’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 completion of the sale, the executive vice president now directly owns 7,765 shares in the company, valued at approximately $1,384,421.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Alamo Group 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.