Nebula Research & Development LLC Boosts Stake in Alamo Group Inc. (NYSE:ALG)

Nebula Research & Development LLC grew its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 79.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,975 shares of the industrial products company's stock after acquiring an additional 3,089 shares during the quarter. Nebula Research & Development LLC owned about 0.06% of Alamo Group worth $1,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of 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 during the last quarter. Virtu Financial LLC purchased a new stake in Alamo Group in the third quarter worth $273,000. Tidal Investments LLC lifted its position in shares of Alamo Group by 3.8% in the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company's stock worth $557,000 after purchasing an additional 113 shares during the period. JPMorgan Chase & Co. raised its stake in Alamo Group by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company's stock worth $13,790,000 after buying an additional 9,710 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Alamo Group by 0.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 46,735 shares of the industrial products company's stock worth $8,689,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALG shares. Baird R W lowered shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. 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. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a research report on Monday, March 3rd. Finally, Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $224.00 to $177.00 in a research note on Friday, February 28th.

Alamo Group Stock Performance

NYSE:ALG traded up $4.26 on Friday, hitting $173.58. The stock had a trading volume of 22,369 shares, compared to its average volume of 92,551. The business's 50-day simple moving average is $176.14 and its two-hundred day simple moving average is $183.16. Alamo Group Inc. has a 52-week low of $157.07 and a 52-week high of $205.62. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 17.57 and a beta of 1.00.

Alamo Group (NYSE:ALG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.16. The firm had revenue of $385.32 million for the quarter, compared to analysts' expectations of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. As a group, research analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group's dividend payout ratio is currently 12.46%.

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.