Alamo Group Inc. (NYSE:ALG) Holdings Decreased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,181 shares of the industrial products company's stock after selling 36,743 shares during the quarter. Westwood Holdings Group Inc. owned about 2.70% of Alamo Group worth $60,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALG. Barclays PLC raised its stake in Alamo Group by 204.7% during the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock valued at $4,039,000 after buying an additional 15,061 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in Alamo Group during the fourth quarter valued at approximately $203,000. SG Americas Securities LLC acquired a new stake in Alamo Group during the fourth quarter valued at approximately $293,000. Janney Montgomery Scott LLC raised its stake in Alamo Group by 17.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,972 shares of the industrial products company's stock valued at $367,000 after buying an additional 290 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in Alamo Group by 8.8% during the fourth quarter. Inspire Investing LLC now owns 5,360 shares of the industrial products company's stock valued at $996,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Insider Transactions at Alamo Group

In related news, EVP Richard Hodges Raborn sold 500 shares of Alamo Group stock in a transaction 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 directly 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 legal filing with the SEC, which is available through this link. Also, CEO Jeffery Allen Leonard sold 3,500 shares of Alamo Group stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total value of $705,320.00. Following the completion of the transaction, the chief executive officer now owns 40,913 shares in the company, 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. Company insiders own 1.18% of the company's stock.

Alamo Group Stock Performance

ALG traded down $1.06 during trading hours on Thursday, hitting $198.26. The company's stock had a trading volume of 49,959 shares, compared to its average volume of 95,103. Alamo Group Inc. has a fifty-two week low of $157.07 and a fifty-two week high of $205.62. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.40 billion, a PE ratio of 19.97 and a beta of 1.02. The company has a 50-day simple moving average of $178.64 and a 200 day simple moving average of $184.71.

Alamo Group (NYSE:ALG - Get Free Report) last posted its 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 return on equity of 12.41% and a net margin of 7.19%. The firm had revenue of $390.95 million for the quarter, compared to analysts' expectations of $391.08 million. As a group, sell-side analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group's dividend payout ratio is presently 12.50%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALG. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $224.00 to $177.00 in a research note on Friday, February 28th. DA Davidson dropped their price target on Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Baird R W cut 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 upgraded Alamo Group from a "hold" rating to a "buy" rating in a research report on Thursday.

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.