Alamo Group Inc. (NYSE:ALG) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 46.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,947 shares of the industrial products company's stock after buying an additional 2,835 shares during the period. Deutsche Bank AG owned approximately 0.07% of Alamo Group worth $1,663,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Alamo Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 721,154 shares of the industrial products company's stock valued at $134,070,000 after acquiring an additional 2,361 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Alamo Group by 4.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company's stock valued at $121,205,000 after purchasing an additional 30,826 shares during the last quarter. Victory Capital Management Inc. raised its position in Alamo Group by 8.0% in the 4th quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company's stock worth $83,421,000 after purchasing an additional 33,294 shares during the period. Northern Trust Corp raised its position in Alamo Group by 7.7% in the 4th quarter. Northern Trust Corp now owns 167,285 shares of the industrial products company's stock worth $31,100,000 after purchasing an additional 11,930 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Alamo Group by 5.0% in 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 purchasing an additional 6,666 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Alamo Group Trading Up 0.5%

Shares of NYSE ALG traded up $1.04 during trading hours on Thursday, reaching $201.44. The stock had a trading volume of 61,178 shares, compared to its average volume of 95,168. Alamo Group Inc. has a 52-week low of $157.07 and a 52-week high of $205.62. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 20.29 and a beta of 1.02. The business's fifty day moving average price is $180.01 and its two-hundred day moving average price is $184.98. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21.

Alamo Group (NYSE:ALG - Get Free Report) last issued its earnings results 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. The business had revenue of $390.95 million during the quarter, compared to analyst estimates of $391.08 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. Analysts expect that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is 12.50%.

Insider Buying and Selling at Alamo Group

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALG. Industrial Alliance Securities set a $217.00 target price on Alamo Group in a research note on Monday, March 3rd. DA Davidson cut their price objective on Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Robert W. Baird lowered shares of Alamo Group from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $224.00 to $177.00 in a research note on Friday, February 28th. Finally, Wall Street Zen upgraded shares of Alamo Group from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

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.