13,616 Shares in Alamo Group Inc. (NYSE:ALG) Purchased by Vest Financial LLC

Vest Financial LLC bought a new position in Alamo Group Inc. (NYSE:ALG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,616 shares of the industrial products company's stock, valued at approximately $2,427,000. Vest Financial LLC owned approximately 0.11% of Alamo Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Alamo Group by 204.7% in the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock worth $4,039,000 after buying an additional 15,061 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Alamo Group by 17.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,972 shares of the industrial products company's stock worth $367,000 after acquiring an additional 290 shares during the last quarter. KBC Group NV increased its stake in Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after acquiring an additional 189 shares during the last quarter. Choreo LLC purchased a new stake in shares of Alamo Group during the 4th quarter worth approximately $201,000. Finally, Entropy Technologies LP bought a new position in shares of Alamo Group during the 4th quarter valued at approximately $226,000. Institutional investors own 92.36% of the company's stock.

Alamo Group Trading Down 0.5%

ALG stock traded down $1.02 during mid-day trading on Wednesday, reaching $212.55. 219,699 shares of the stock traded hands, compared to its average volume of 97,868. Alamo Group Inc. has a one year low of $157.07 and a one year high of $214.29. The stock has a market capitalization of $2.57 billion, a PE ratio of 21.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The business has a 50-day moving average price of $183.81 and a two-hundred day moving average price of $185.54.

Alamo Group (NYSE:ALG - Get Free Report) last issued 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. The company had revenue of $390.95 million for the quarter, compared to the consensus estimate of $391.08 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. Equities research analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group's dividend payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALG. DA Davidson reduced their price target on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price target on Alamo Group in a research report on Monday, March 3rd. Finally, Wall Street Zen downgraded Alamo Group from a "buy" rating to a "hold" rating in a research report on Friday, June 6th.

Insider Activity at Alamo Group

In other news, CEO Jeffery Allen Leonard sold 3,500 shares of Alamo Group stock in a transaction that occurred on 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 now 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 transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $100,920.00. Following the completion of the transaction, the executive vice president now directly owns 12,948 shares in the company, valued at approximately $2,613,424.32. This trade represents a 3.72% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

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.