Westwood Holdings Group Inc. Increases Holdings in Alamo Group, Inc. (NYSE:ALG)

Westwood Holdings Group Inc. boosted its holdings in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) by 22.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 400,860 shares of the industrial products company's stock after buying an additional 74,679 shares during the period. Westwood Holdings Group Inc. owned approximately 3.32% of Alamo Group worth $71,437,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of Alamo Group by 7.1% in the 1st quarter. US Bancorp DE now owns 17,943 shares of the industrial products company's stock valued at $3,198,000 after acquiring an additional 1,182 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Alamo Group in the 1st quarter worth approximately $12,920,000. Royce & Associates LP bought a new stake in shares of Alamo Group in the 1st quarter worth approximately $419,000. Ninepoint Partners LP bought a new position in Alamo Group in the 1st quarter valued at approximately $40,988,000. Finally, Legato Capital Management LLC lifted its position in Alamo Group by 23.4% in the 1st quarter. Legato Capital Management LLC now owns 12,223 shares of the industrial products company's stock valued at $2,178,000 after acquiring an additional 2,314 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Alamo Group Trading Down 0.1%

Shares of Alamo Group stock opened at $226.36 on Wednesday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.17 and a beta of 1.10. The business has a 50-day moving average price of $216.26 and a 200-day moving average price of $193.87. The company has a quick ratio of 2.62, a current ratio of 4.30 and a debt-to-equity ratio of 0.19. Alamo Group, Inc. has a twelve month low of $157.07 and a twelve month high of $230.15.

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

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Wednesday, July 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, July 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.5%. Alamo Group's dividend payout ratio (DPR) is presently 12.50%.

Insider Transactions at Alamo Group

In related news, EVP Richard Hodges Raborn sold 500 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 12,948 shares of the company's stock, valued at approximately $2,613,424.32. This trade represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the 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 transaction, the chief executive officer directly owned 40,913 shares of the company's stock, valued at approximately $8,244,787.76. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALG. Robert W. Baird upgraded Alamo Group from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $209.00 to $260.00 in a research note on Monday. Baird R W upgraded Alamo Group from a "hold" rating to a "strong-buy" rating in a research note on Monday. DA Davidson restated a "neutral" rating and issued a $225.00 price objective on shares of Alamo Group in a research note on Tuesday, July 22nd. Finally, Wall Street Zen lowered Alamo Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.

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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