EntryPoint Capital LLC Has $468,000 Position in Alamo Group Inc. (NYSE:ALG)

EntryPoint Capital LLC boosted its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 115.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,520 shares of the industrial products company's stock after acquiring an additional 1,353 shares during the quarter. EntryPoint Capital LLC's holdings in Alamo Group were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Cornerstone Investment Partners LLC raised its holdings in shares of Alamo Group by 2.2% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,606 shares of the industrial products company's stock worth $484,000 after acquiring an additional 56 shares in the last quarter. FORA Capital LLC increased its position in Alamo Group by 6.7% in the 3rd quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company's stock worth $252,000 after purchasing an additional 88 shares during the last quarter. Swiss National Bank raised its stake in shares of Alamo Group by 0.5% during the 4th quarter. Swiss National Bank now owns 20,100 shares of the industrial products company's stock worth $3,737,000 after purchasing an additional 100 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company's stock valued at $557,000 after buying an additional 113 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Alamo Group by 0.9% in the 4th quarter. US Bancorp DE now owns 16,761 shares of the industrial products company's stock valued at $3,116,000 after buying an additional 142 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ALG shares. StockNews.com lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Robert W. Baird downgraded shares of Alamo Group from an "outperform" rating to a "neutral" rating and cut their price target for the company from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Industrial Alliance Securities set a $217.00 target price on shares of Alamo Group in a research report on Monday, March 3rd. Finally, DA Davidson reduced their price target on Alamo Group from $219.00 to $217.00 and set a "buy" rating for the company in a research report on Monday, March 3rd.

Alamo Group Stock Performance

Shares of Alamo Group stock traded down $5.45 on Friday, reaching $180.66. The stock had a trading volume of 47,671 shares, compared to its average volume of 89,994. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The business's 50-day moving average price is $184.91 and its two-hundred day moving average price is $184.85. The stock has a market cap of $2.18 billion, a P/E ratio of 18.19 and a beta of 1.10. Alamo Group Inc. has a fifty-two week low of $163.74 and a fifty-two week high of $227.22.

Alamo Group (NYSE:ALG - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.16. The business had revenue of $385.32 million during the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. On average, sell-side analysts forecast that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were given a dividend of $0.30 per share. This is a positive change from Alamo Group's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, January 16th. Alamo Group's payout ratio is 12.46%.

About Alamo Group

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.