Alamo Group Inc. (NYSE:ALG) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 63.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,405 shares of the industrial products company's stock after purchasing an additional 1,718 shares during the quarter. Intech Investment Management LLC's holdings in Alamo Group were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALG. Cornerstone Investment Partners LLC boosted its stake in 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 buying an additional 56 shares during the period. FORA Capital LLC lifted its holdings in shares of 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 acquiring an additional 88 shares during the last quarter. Swiss National Bank boosted its position 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 during the period. Tidal Investments LLC increased its holdings in Alamo Group by 3.8% in the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company's stock valued at $557,000 after purchasing an additional 113 shares during the last quarter. Finally, US Bancorp DE increased its holdings in 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 purchasing an additional 142 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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Alamo Group Stock Down 0.7 %

Alamo Group stock traded down $1.29 during trading on Thursday, reaching $185.98. The stock had a trading volume of 75,259 shares, compared to its average volume of 84,861. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $228.88. The business has a 50 day moving average price of $184.86 and a 200 day moving average price of $184.68. The stock has a market cap of $2.25 billion, a PE ratio of 18.73 and a beta of 1.10. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.

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

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders 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. This represents a $1.20 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, January 16th. Alamo Group's dividend payout ratio is currently 12.46%.

Analysts Set New Price Targets

ALG has been the subject of a number of research reports. DA Davidson dropped 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 cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. StockNews.com downgraded shares of Alamo Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $224.00 to $177.00 in a research report on Friday, February 28th. Finally, Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a research note on Monday, March 3rd.

Alamo Group Company 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.