Dimensional Fund Advisors LP Has $109.76 Million Stock Position in Alamo Group Inc. (NYSE:ALG)

Dimensional Fund Advisors LP cut its holdings in Alamo Group Inc. (NYSE:ALG - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 590,369 shares of the industrial products company's stock after selling 3,524 shares during the period. Dimensional Fund Advisors LP owned 4.90% of Alamo Group worth $109,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ALG. Vanguard Group Inc. increased its stake in shares of Alamo Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 721,154 shares of the industrial products company's stock worth $134,070,000 after buying an additional 2,361 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Alamo Group by 4.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company's stock worth $121,205,000 after purchasing an additional 30,826 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Alamo Group by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company's stock valued at $83,421,000 after purchasing an additional 33,294 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Alamo Group by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company's stock worth $26,222,000 after buying an additional 6,666 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Alamo Group by 16.0% during the fourth quarter. Tributary Capital Management LLC now owns 116,584 shares of the industrial products company's stock worth $21,674,000 after buying an additional 16,093 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALG. DA Davidson dropped their price objective on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a research note on Monday, April 21st. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. Finally, Industrial Alliance Securities set a $217.00 price target on Alamo Group in a report on Monday, March 3rd.

Alamo Group Stock Up 3.5 %

Shares of ALG stock traded up $5.98 on Friday, hitting $175.30. The company's stock had a trading volume of 13,623 shares, compared to its average volume of 92,515. Alamo Group Inc. has a fifty-two week low of $157.07 and a fifty-two week high of $205.62. The firm's fifty day moving average price is $176.14 and its 200-day moving average price is $183.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 17.65 and a beta of 1.00.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.16. The company had revenue of $385.32 million during the quarter, compared to analysts' expectations of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. Research analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 annualized dividend and a yield of 0.68%. Alamo Group's dividend payout ratio is currently 12.46%.

About Alamo Group

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.