Punch & Associates Investment Management Inc. Grows Holdings in Alamo Group, Inc. (NYSE:ALG)

Punch & Associates Investment Management Inc. raised its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 1.7% in the 1st quarter, Holdings Channel reports. The firm owned 72,795 shares of the industrial products company’s stock after acquiring an additional 1,215 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Alamo Group were worth $7,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mason Street Advisors LLC lifted its holdings in shares of Alamo Group by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 3,091 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 103 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Alamo Group by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 6,854 shares of the industrial products company’s stock valued at $530,000 after acquiring an additional 150 shares during the last quarter. First Interstate Bank lifted its holdings in shares of Alamo Group by 11.3% in the 1st quarter. First Interstate Bank now owns 1,581 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 161 shares during the last quarter. Commerce Bank lifted its holdings in shares of Alamo Group by 4.1% in the 1st quarter. Commerce Bank now owns 5,387 shares of the industrial products company’s stock valued at $538,000 after acquiring an additional 210 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Alamo Group by 2.4% in the 1st quarter. Comerica Bank now owns 9,625 shares of the industrial products company’s stock valued at $945,000 after acquiring an additional 223 shares during the last quarter. 94.71% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ALG traded down $1.41 during trading on Friday, reaching $97.55. The company’s stock had a trading volume of 37,530 shares, compared to its average volume of 61,260. The company has a current ratio of 4.63, a quick ratio of 2.79 and a debt-to-equity ratio of 0.35. Alamo Group, Inc. has a 12 month low of $72.50 and a 12 month high of $106.19. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 16.66 and a beta of 0.91.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.08). Alamo Group had a return on equity of 13.97% and a net margin of 7.18%. The firm had revenue of $261.93 million during the quarter.

In related news, CEO Ronald A. Robinson sold 9,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $97.55, for a total value of $877,950.00. Following the sale, the chief executive officer now directly owns 245,229 shares of the company’s stock, valued at approximately $23,922,088.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Hodges Raborn sold 569 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $95.43, for a total transaction of $54,299.67. Following the completion of the sale, the executive vice president now directly owns 7,403 shares in the company, valued at $706,468.29. The disclosure for this sale can be found here. Insiders sold a total of 34,319 shares of company stock worth $3,432,385 over the last three months. 3.29% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Punch & Associates Investment Management Inc. Grows Holdings in Alamo Group, Inc. (NYSE:ALG)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.com-unik.info/2019/06/15/punch-associates-investment-management-inc-grows-holdings-in-alamo-group-inc-nysealg.html.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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.

Recommended Story: Portfolio Manager

Want to see what other hedge funds are holding ALG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamo Group, Inc. (NYSE:ALG).

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

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit