Alamo Group Inc. (NYSE:ALG) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 54.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,918 shares of the industrial products company's stock after acquiring an additional 4,918 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of Alamo Group worth $2,587,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blueshift Asset Management LLC purchased a new stake in shares of Alamo Group during the fourth quarter valued at $431,000. Teacher Retirement System of Texas raised its stake in shares of Alamo Group by 32.1% in the fourth quarter. Teacher Retirement System of Texas now owns 37,408 shares of the industrial products company's stock worth $6,955,000 after buying an additional 9,087 shares during the period. Intech Investment Management LLC raised its stake in Alamo Group by 63.9% during the 4th quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company's stock worth $819,000 after acquiring an additional 1,718 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of Alamo Group during the 4th quarter valued at $1,398,000. Finally, Swiss National Bank lifted its position in shares of Alamo Group by 0.5% in the fourth quarter. Swiss National Bank now owns 20,100 shares of the industrial products company's stock valued at $3,737,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Alamo Group Stock Performance

NYSE:ALG traded up $1.70 during trading hours on Friday, reaching $170.74. The company had a trading volume of 101,531 shares, compared to its average volume of 91,728. The firm has a market cap of $2.06 billion, a PE ratio of 17.19 and a beta of 1.00. 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 moving average price is $181.20 and its 200-day moving average price is $184.02. Alamo Group Inc. has a 1-year low of $157.07 and a 1-year high of $220.61.

Alamo Group (NYSE:ALG - Get Free Report) last announced its earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $385.32 million for the quarter, compared to analyst estimates of $396.85 million. Research analysts forecast that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, April 16th. Alamo Group's dividend payout ratio is presently 12.46%.

Analyst Upgrades and Downgrades

ALG has been the subject of several research reports. Industrial Alliance Securities set a $217.00 price objective on shares of Alamo Group in a report on Monday, March 3rd. Robert W. Baird cut shares of 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 report on Friday, February 28th. StockNews.com downgraded Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. DA Davidson dropped their price objective on Alamo Group from $219.00 to $217.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Finally, Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th.

Alamo Group 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.