Alamo Group Inc. (NYSE:ALG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in Alamo Group Inc. (NYSE:ALG - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,843 shares of the industrial products company's stock after selling 4,675 shares during the period. Wellington Management Group LLP owned 1.60% of Alamo Group worth $36,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Alamo Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 721,154 shares of the industrial products company's stock valued at $134,070,000 after purchasing an additional 2,361 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Alamo Group by 4.8% in 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 buying an additional 30,826 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Alamo Group by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company's stock worth $83,421,000 after buying an additional 33,294 shares during the period. Northern Trust Corp boosted its position in Alamo Group by 7.7% during the 4th quarter. Northern Trust Corp now owns 167,285 shares of the industrial products company's stock valued at $31,100,000 after acquiring an additional 11,930 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Alamo Group by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company's stock valued at $26,222,000 after acquiring an additional 6,666 shares during the period. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a research report on Monday, March 3rd. DA Davidson cut their price objective on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Robert W. Baird cut shares of 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 report on Friday, February 28th. Baird R W lowered shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Wall Street Zen upgraded Alamo Group from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Insiders Place Their Bets

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

Alamo Group Stock Performance

Shares of NYSE:ALG traded up $0.54 during trading on Monday, hitting $198.58. The stock had a trading volume of 62,899 shares, compared to its average volume of 95,307. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a 12-month low of $157.07 and a 12-month high of $205.62. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 20.00 and a beta of 1.02. The stock has a 50-day simple moving average of $180.24 and a two-hundred day simple moving average of $184.89.

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

Alamo Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were issued a $0.30 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%. Alamo Group's payout ratio is 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.