Two Sigma Advisers LP Trims Stake in Alamo Group Inc. (NYSE:ALG)

Two Sigma Advisers LP reduced its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,000 shares of the industrial products company's stock after selling 4,300 shares during the period. Two Sigma Advisers LP owned 0.06% of Alamo Group worth $1,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock worth $38,000 after purchasing an additional 168 shares during the period. Lazard Asset Management LLC bought a new position in shares of Alamo Group during the 4th quarter worth approximately $79,000. KBC Group NV grew its position in shares of Alamo Group by 57.1% during the 4th 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. Summit Investment Advisors Inc. increased its stake in shares of Alamo Group by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock valued at $199,000 after acquiring an additional 69 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Alamo Group during the 4th quarter valued at $200,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Stock Up 0.1%

NYSE ALG traded up $0.15 during trading hours on Wednesday, hitting $203.62. The company's stock had a trading volume of 13,828 shares, compared to its average volume of 95,702. The company has a market capitalization of $2.46 billion, a PE ratio of 20.51 and a beta of 1.02. 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 Inc. has a 52 week low of $157.07 and a 52 week high of $206.48. The company's 50-day simple moving average is $180.83 and its two-hundred day simple moving average is $185.05.

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

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.59%. The ex-dividend date was Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is presently 12.50%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, EVP Richard Hodges Raborn sold 500 shares of the business'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 value of $100,920.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the 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 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 disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

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.