Victory Capital Management Inc. decreased its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 331,368 shares of the industrial products company's stock after selling 18,113 shares during the quarter. Victory Capital Management Inc. owned 2.76% of Alamo Group worth $69,650,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates bought a new position in Alamo Group in the fourth quarter valued at approximately $215,000. Semanteon Capital Management LP bought a new stake in Alamo Group during the fourth quarter worth $230,000. Diversified Trust Co acquired a new stake in Alamo Group in the fourth quarter valued at $290,000. TIAA Trust National Association acquired a new stake in Alamo Group in the third quarter valued at $257,000. Finally, Lido Advisors LLC bought a new position in shares of Alamo Group in the 3rd quarter valued at about $263,000. Institutional investors and hedge funds own 92.36% of the company's stock.
Alamo Group Stock Performance
Shares of ALG stock traded down $1.27 during midday trading on Friday, hitting $193.97. 114,419 shares of the company were exchanged, compared to its average volume of 70,265. Alamo Group Inc. has a 52 week low of $157.74 and a 52 week high of $231.40. The firm has a market capitalization of $2.34 billion, a P/E ratio of 17.26 and a beta of 1.07. The firm's 50 day moving average price is $208.34 and its two-hundred day moving average price is $200.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.76.
Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.22). Alamo Group had a return on equity of 15.07% and a net margin of 7.92%. The company had revenue of $417.54 million for the quarter. As a group, equities research analysts anticipate that Alamo Group Inc. will post 13.17 earnings per share for the current year.
Alamo Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, April 15th. Alamo Group's dividend payout ratio is 9.25%.
Insiders Place Their Bets
In other news, EVP Michael A. Haberman sold 418 shares of the business's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the completion of the sale, the executive vice president now owns 19,206 shares of the company's stock, valued at $4,299,647.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ALG. StockNews.com upgraded shares of Alamo Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th. DA Davidson lifted their target price on Alamo Group from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th.
Read Our Latest Research Report on ALG
About Alamo Group
(
Free Report)
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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