Dean Capital Management Takes Position in Alamo Group Inc. (NYSE:ALG)

Dean Capital Management purchased a new stake in shares of Alamo Group Inc. (NYSE:ALG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,758 shares of the industrial products company's stock, valued at approximately $2,930,000. Alamo Group makes up 1.2% of Dean Capital Management's investment portfolio, making the stock its 9th largest position. Dean Capital Management owned approximately 0.13% of Alamo Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALG. Crestline Management LP bought a new stake in shares of Alamo Group in the 4th quarter worth approximately $205,000. Cubist Systematic Strategies LLC lifted its position in Alamo Group by 380.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 9,225 shares of the industrial products company's stock valued at $1,715,000 after purchasing an additional 7,303 shares during the last quarter. Bank of America Corp DE boosted its stake in Alamo Group by 826.1% during the 4th quarter. Bank of America Corp DE now owns 130,494 shares of the industrial products company's stock valued at $24,260,000 after purchasing an additional 116,404 shares during the period. BNP Paribas Financial Markets grew its position in Alamo Group by 34.3% in the 4th quarter. BNP Paribas Financial Markets now owns 8,109 shares of the industrial products company's stock worth $1,508,000 after purchasing an additional 2,069 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Alamo Group by 338.4% in the fourth quarter. Ameriprise Financial Inc. now owns 115,856 shares of the industrial products company's stock valued at $21,539,000 after purchasing an additional 89,430 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Up 6.8 %

Shares of ALG traded up $12.13 during mid-day trading on Friday, reaching $190.66. The company's stock had a trading volume of 166,645 shares, compared to its average volume of 93,378. Alamo Group Inc. has a 1 year low of $157.07 and a 1 year high of $205.62. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 19.20 and a beta of 1.02. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $175.73 and a 200 day moving average of $183.15.

Alamo Group (NYSE:ALG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.32. The business had revenue of $390.95 million during the quarter, compared to analyst estimates of $391.08 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. As a group, analysts forecast that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is presently 12.46%.

Analyst Upgrades and Downgrades

ALG has been the topic of several recent analyst reports. Industrial Alliance Securities set a $217.00 target price on Alamo Group in a research note on Monday, March 3rd. Baird R W cut Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $224.00 to $177.00 in a research note on Friday, February 28th. DA Davidson cut their price target on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a report on Monday, April 21st. Finally, StockNews.com lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th.

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.