Vaughan Nelson Investment Management L.P. Lowers Position in Alamo Group Inc. (NYSE:ALG)

Vaughan Nelson Investment Management L.P. decreased its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,311 shares of the industrial products company's stock after selling 81,112 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 2.00% of Alamo Group worth $44,862,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ALG. Nisa Investment Advisors LLC grew its stake in shares of Alamo Group by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company's stock valued at $32,000 after buying an additional 154 shares in the last quarter. JNBA Financial Advisors purchased a new position in Alamo Group during the 3rd quarter valued at about $37,000. KBC Group NV grew its position in Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 189 shares in the last quarter. Huntington National Bank increased its stake in Alamo Group by 10.4% during the third quarter. Huntington National Bank now owns 669 shares of the industrial products company's stock worth $121,000 after purchasing an additional 63 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake 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 purchasing an additional 534 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Janet S. Pollock sold 257 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the transaction, the vice president now owns 3,360 shares in the company, valued at $649,857.60. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

ALG has been the subject of several recent research reports. Robert W. Baird raised their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Tuesday.

Alamo Group Stock Performance

NYSE ALG traded down $2.92 during trading hours on Wednesday, hitting $184.68. 73,505 shares of the stock were exchanged, compared to its average volume of 97,061. 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 market cap of $2.23 billion, a price-to-earnings ratio of 18.60 and a beta of 1.10. Alamo Group Inc. has a 12-month low of $163.74 and a 12-month high of $228.88. The stock has a 50-day moving average of $186.43 and a 200 day moving average of $183.43.

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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Alamo Group's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. Alamo Group's dividend payout ratio is 12.08%.

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.