Barclays PLC increased its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 204.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,417 shares of the industrial products company's stock after buying an additional 15,061 shares during the quarter. Barclays PLC owned 0.19% of Alamo Group worth $4,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings 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 purchasing an additional 154 shares during the period. JNBA Financial Advisors acquired a new stake in Alamo Group during the 3rd quarter valued at approximately $37,000. Quarry LP acquired a new stake in shares of Alamo Group in the second quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alamo Group during the second quarter worth $48,000. Finally, nVerses Capital LLC purchased a new position in shares of Alamo Group during the second quarter worth $52,000. Institutional investors and hedge funds own 92.36% of the company's stock.
Alamo Group Stock Performance
ALG stock traded down $1.80 during midday trading on Monday, hitting $186.54. 144,275 shares of the stock traded hands, compared to its average volume of 78,264. Alamo Group Inc. has a 1-year low of $163.74 and a 1-year high of $231.40. 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 stock's fifty day simple moving average is $189.39 and its 200-day simple moving average is $181.79. The firm has a market cap of $2.25 billion, a P/E ratio of 18.79 and a beta of 1.10.
Alamo Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Tuesday, October 15th. Alamo Group's dividend payout ratio (DPR) is presently 10.47%.
Insider Transactions at Alamo Group
In other news, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total value of $54,062.88. Following the sale, the executive vice president now directly owns 8,439 shares of the company's stock, valued at $1,653,031.32. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Janet S. Pollock sold 257 shares of the stock in a transaction on 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 directly owns 3,360 shares of the company's stock, valued at approximately $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.
Analyst Ratings Changes
ALG has been the topic of several analyst reports. Robert W. Baird increased their price target on Alamo Group from $204.00 to $205.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. DA Davidson lifted their price target on Alamo Group from $209.00 to $219.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th.
Read Our Latest Research Report on Alamo Group
Alamo Group Company Profile
(
Free Report)
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.
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