Price T Rowe Associates Inc. MD cut its stake in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,297 shares of the industrial products company's stock after selling 13,591 shares during the period. Price T Rowe Associates Inc. MD owned about 0.18% of Alamo Group worth $3,960,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 168 shares in the last quarter. KBC Group NV lifted its position in shares of Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after buying an additional 189 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Alamo Group by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock worth $199,000 after buying an additional 69 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Alamo Group in the 4th quarter worth approximately $200,000. Finally, Choreo LLC purchased a new stake in shares of Alamo Group during the fourth quarter valued at approximately $201,000. 92.36% of the stock is owned by hedge funds and other institutional investors.
Alamo Group Price Performance
Shares of NYSE:ALG opened at $173.66 on Monday. The firm has a market capitalization of $2.10 billion, a PE ratio of 17.49 and a beta of 1.00. 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 company has a 50-day moving average price of $175.88 and a two-hundred day moving average price of $183.14. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $205.62.
Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The company had revenue of $385.32 million during the quarter, compared to the consensus estimate of $396.85 million. Equities analysts forecast that Alamo Group Inc. will post 9.53 EPS for the current year.
Alamo Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders 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 was Wednesday, April 16th. Alamo Group's dividend payout ratio is presently 12.46%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on ALG shares. Robert W. Baird lowered Alamo Group from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $224.00 to $177.00 in a research report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price objective on shares of Alamo Group in a research report on Monday, March 3rd. Baird R W downgraded shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report 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. Finally, DA Davidson reduced their price objective on Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a report on Monday, April 21st.
Check Out Our Latest Report on Alamo Group
Alamo Group Profile
(
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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