Alamo Group Inc. (NYSE:ALG) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC cut its stake in Alamo Group Inc. (NYSE:ALG - Free Report) by 46.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,220 shares of the industrial products company's stock after selling 18,260 shares during the period. Voloridge Investment Management LLC owned 0.18% of Alamo Group worth $3,945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Cornerstone Investment Partners LLC raised its position in Alamo Group by 2.2% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,606 shares of the industrial products company's stock worth $484,000 after buying an additional 56 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Alamo Group by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock worth $199,000 after buying an additional 69 shares during the last quarter. Swiss National Bank raised its position in Alamo Group by 0.5% during the 4th quarter. Swiss National Bank now owns 20,100 shares of the industrial products company's stock worth $3,737,000 after buying an additional 100 shares during the last quarter. Mariner LLC raised its position in Alamo Group by 8.7% during the 4th quarter. Mariner LLC now owns 1,607 shares of the industrial products company's stock worth $299,000 after buying an additional 129 shares during the last quarter. Finally, US Bancorp DE raised its position in Alamo Group by 0.9% during the 4th quarter. US Bancorp DE now owns 16,761 shares of the industrial products company's stock worth $3,116,000 after buying an additional 142 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alamo Group

In related news, CEO Jeffery Allen Leonard sold 3,500 shares of Alamo Group stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total value of $705,320.00. Following the sale, the chief executive officer now owns 40,913 shares of the company's stock, valued at approximately $8,244,787.76. This trade represents a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Hodges Raborn sold 500 shares of Alamo Group stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total transaction of $100,920.00. Following the completion of the sale, the executive vice president now directly owns 12,948 shares in the company, valued at $2,613,424.32. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. DA Davidson reduced their price target on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Wall Street Zen raised shares of Alamo Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Baird R W lowered shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Robert W. Baird lowered shares of Alamo Group from an "outperform" rating to a "neutral" rating and reduced 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 target price on shares of Alamo Group in a report on Monday, March 3rd.

Alamo Group Stock Performance

Shares of NYSE:ALG traded down $3.58 during trading on Friday, hitting $198.22. 61,652 shares of the stock traded hands, compared to its average volume of 95,437. 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 company has a market cap of $2.40 billion, a price-to-earnings ratio of 19.96 and a beta of 1.02. The company has a fifty day moving average price of $180.24 and a two-hundred day moving average price of $184.89. Alamo Group Inc. has a 52-week low of $157.07 and a 52-week high of $205.62.

Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.32. The firm 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, equities analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.61%. Alamo Group's dividend payout ratio is currently 12.50%.

Alamo Group Company 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.