Alamo Group Inc. (NYSE:ALG) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC trimmed its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,003 shares of the industrial products company's stock after selling 1,265 shares during the period. Merit Financial Group LLC's holdings in Alamo Group were worth $892,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock valued at $4,039,000 after acquiring an additional 15,061 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Alamo Group by 17.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,972 shares of the industrial products company's stock worth $367,000 after purchasing an additional 290 shares in the last quarter. KBC Group NV boosted its position in shares of Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after buying an additional 189 shares during the period. Choreo LLC purchased a new stake in shares of Alamo Group in the fourth quarter worth about $201,000. Finally, Entropy Technologies LP acquired a new stake in shares of Alamo Group in the fourth quarter valued at about $226,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Alamo Group Stock Up 0.2%

Shares of Alamo Group stock traded up $0.44 on Thursday, hitting $212.87. 151,316 shares of the company's stock traded hands, compared to its average volume of 98,025. 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 firm's 50-day moving average is $184.75 and its 200 day moving average is $185.72. The stock has a market cap of $2.57 billion, a P/E ratio of 21.44 and a beta of 1.07. Alamo Group Inc. has a 52-week low of $157.07 and a 52-week high of $214.13.

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

Alamo Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were issued 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 dividend yield of 0.56%. Alamo Group's dividend payout ratio (DPR) is 12.50%.

Wall Street Analysts Forecast Growth

ALG has been the subject of a number of analyst reports. Wall Street Zen cut Alamo Group from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Industrial Alliance Securities set a $217.00 target price on shares of Alamo Group in a research note on Monday, March 3rd. Baird R W lowered shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. 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 report on Monday, April 21st. Finally, Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $224.00 to $177.00 in a research report on Friday, February 28th.

Insider Activity at Alamo Group

In related news, CEO Jeffery Allen Leonard sold 3,500 shares of the firm's 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

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.