Alamo Group, Inc. (NYSE:ALG) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC significantly reduced its stake in Alamo Group, Inc. by 71.0%, selling 37,655 shares and owning 15,377 shares worth approximately $2.74 million as of the latest SEC filing.
• Alamo Group reported $2.57 earnings per share for the latest quarter, falling short of the consensus estimate of $2.69, while revenue surpassed expectations at $419.07 million.
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 0.5% and a dividend payout ratio of 12.22%.

Natixis Advisors LLC lessened its stake in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) by 71.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,377 shares of the industrial products company's stock after selling 37,655 shares during the quarter. Natixis Advisors LLC owned 0.13% of Alamo Group worth $2,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Alamo Group in the fourth quarter worth about $200,000. Alliancebernstein L.P. lifted its stake in shares of Alamo Group by 7.5% in the fourth quarter. Alliancebernstein L.P. now owns 12,170 shares of the industrial products company's stock worth $2,263,000 after acquiring an additional 854 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Alamo Group by 16.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,885 shares of the industrial products company's stock worth $2,953,000 after acquiring an additional 2,275 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Alamo Group by 13.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,972 shares of the industrial products company's stock worth $4,457,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC lifted its stake in shares of Alamo Group by 4.7% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 60,034 shares of the industrial products company's stock worth $11,161,000 after acquiring an additional 2,688 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Insider Activity at Alamo Group

In other news, EVP Richard Hodges Raborn sold 500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 12,948 shares of the company's stock, valued at approximately $2,613,424.32. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 40,913 shares of the company's stock, valued at $8,244,787.76. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ALG has been the topic of several recent analyst reports. DA Davidson reiterated a "neutral" rating and issued a $225.00 price target on shares of Alamo Group in a research note on Tuesday, July 22nd. Robert W. Baird upgraded Alamo Group from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $209.00 to $260.00 in a research note on Monday, August 4th. Baird R W upgraded Alamo Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Finally, Wall Street Zen cut Alamo Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.

Alamo Group Stock Up 1.7%

NYSE ALG traded up $3.67 on Tuesday, hitting $225.32. 23,885 shares of the stock traded hands, compared to its average volume of 112,897. The stock has a 50-day moving average of $218.13 and a 200 day moving average of $195.02. Alamo Group, Inc. has a twelve month low of $157.07 and a twelve month high of $230.15. The company has a market capitalization of $2.73 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. The company has a current ratio of 4.56, a quick ratio of 2.76 and a debt-to-equity ratio of 0.18.

Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.57 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.12). The company had revenue of $419.07 million for the quarter, compared to the consensus estimate of $406.75 million. Alamo Group had a net margin of 7.41% and a return on equity of 11.45%. As a group, analysts expect that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Wednesday, July 16th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. Alamo Group's dividend payout ratio is 12.22%.

Alamo Group 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.