Advantage Alpha Capital Partners LP lessened its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,270 shares of the industrial products company's stock after selling 1,462 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.13% of Alamo Group worth $2,839,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ALG. Smartleaf Asset Management LLC lifted its position in Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock worth $38,000 after buying an additional 168 shares during the last quarter. KBC Group NV lifted its position in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after purchasing an additional 189 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Alamo Group by 192.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company's stock worth $146,000 after buying an additional 534 shares during the period. Raymond James Financial Inc. bought a new stake in Alamo Group during the 4th quarter valued at $200,000. Finally, Choreo LLC purchased a new position in shares of Alamo Group in the 4th quarter valued at $201,000. Institutional investors own 92.36% of the company's stock.
Alamo Group Stock Down 0.3 %
NYSE ALG traded down $0.54 during trading on Thursday, hitting $186.73. The company's stock had a trading volume of 17,358 shares, compared to its average volume of 84,633. Alamo Group Inc. has a fifty-two week low of $163.74 and a fifty-two week high of $228.88. The company has a market cap of $2.26 billion, a PE ratio of 18.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The business's 50 day simple moving average is $184.86 and its 200-day simple moving average is $184.68.
Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $396.85 million. On average, equities analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.
Alamo Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were paid a $0.30 dividend. This is a positive change from Alamo Group's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. Alamo Group's dividend payout ratio (DPR) is 12.46%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ALG. DA Davidson decreased their price objective on Alamo Group from $219.00 to $217.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Baird R W lowered shares of 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 objective on shares of Alamo Group in a research report on Monday, March 3rd. Robert W. Baird lowered shares of Alamo Group from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Finally, StockNews.com downgraded shares of Alamo Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th.
View Our Latest Stock 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.
Further Reading
Before you consider Alamo Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alamo Group wasn't on the list.
While Alamo Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
