Alamo Group Inc. (NYSE:ALG) Stock Holdings Lifted by Amundi

Amundi lifted its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 186.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,238 shares of the industrial products company's stock after buying an additional 3,412 shares during the period. Amundi's holdings in Alamo Group were worth $923,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ALG. Cornerstone Investment Partners LLC raised its position in Alamo Group by 2.2% in 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. Aurora Investment Counsel grew its stake in shares of Alamo Group by 1.5% in the 3rd quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company's stock worth $1,034,000 after purchasing an additional 85 shares during the last quarter. FORA Capital LLC raised 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 purchasing an additional 88 shares in the last quarter. Tidal Investments LLC lifted its stake in Alamo Group by 3.8% during the third 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 boosted its holdings in Alamo Group by 0.9% during the fourth quarter. US Bancorp DE now owns 16,761 shares of the industrial products company's stock worth $3,116,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analyst Weigh In

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

Alamo Group Stock Down 2.3 %

NYSE:ALG traded down $4.41 during trading hours on Friday, hitting $183.97. 813,316 shares of the stock traded hands, compared to its average volume of 84,668. The firm has a 50 day moving average price of $184.30 and a 200 day moving average price of $184.38. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 18.53 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 $228.88. The company has a current ratio of 4.15, a quick ratio of 2.39 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 the consensus estimate of $2.23 by $0.16. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The firm had revenue of $385.32 million for the quarter, compared to analyst estimates of $396.85 million. Equities research analysts anticipate that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were issued a dividend of $0.30 per share. This is a boost from Alamo Group's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, January 16th. Alamo Group's dividend payout ratio (DPR) is currently 12.46%.

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.