Tributary Capital Management LLC Has $20.29 Million Stock Holdings in Alamo Group, Inc. (NYSE:ALG)

Tributary Capital Management LLC decreased its holdings in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,827 shares of the industrial products company's stock after selling 2,757 shares during the period. Alamo Group makes up about 1.8% of Tributary Capital Management LLC's portfolio, making the stock its 21st largest position. Tributary Capital Management LLC owned approximately 0.94% of Alamo Group worth $20,285,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System raised its holdings in shares of Alamo Group by 4.1% in the first quarter. New York State Teachers Retirement System now owns 2,512 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 100 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Alamo Group by 3.1% in the first quarter. Principal Financial Group Inc. now owns 58,673 shares of the industrial products company's stock valued at $10,456,000 after acquiring an additional 1,737 shares during the period. GAMMA Investing LLC boosted its position in shares of Alamo Group by 110.6% in the first quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 125 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Alamo Group by 4.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 699,563 shares of the industrial products company's stock valued at $125,732,000 after purchasing an additional 26,835 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Alamo Group by 63.9% during the fourth quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company's stock valued at $819,000 after purchasing an additional 1,718 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DA Davidson cut their price target 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. Wall Street Zen upgraded shares of Alamo Group from a "hold" rating to a "buy" rating in a report on Saturday, June 14th.

Insider Activity

In other news, CEO Jeffery Allen Leonard sold 3,500 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total transaction of $705,320.00. Following the completion of the sale, the chief executive officer owned 40,913 shares of the company's stock, valued at $8,244,787.76. This represents a 7.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Hodges Raborn sold 500 shares of the 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 sale, the executive vice president directly owned 12,948 shares of the company's stock, valued at $2,613,424.32. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Alamo Group Price Performance

ALG opened at $216.85 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.62 and a current ratio of 4.30. The stock has a market capitalization of $2.62 billion, a P/E ratio of 22.59 and a beta of 1.08. The company's 50-day simple moving average is $210.53 and its two-hundred day simple moving average is $189.99. Alamo Group, Inc. has a 52-week low of $157.07 and a 52-week high of $230.16.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.33 by $0.32. Alamo Group had a net margin of 7.25% and a return on equity of 11.56%. The firm had revenue of $390.95 million during the quarter, compared to analyst estimates of $391.08 million. As a group, analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 16th. Alamo Group's 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.

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