Alamo Group Inc. (NYSE:ALG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,045 shares of the industrial products company's stock after acquiring an additional 6,666 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.17% of Alamo Group worth $26,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ALG. Allspring Global Investments Holdings LLC increased its holdings in shares of Alamo Group by 4.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company's stock valued at $121,205,000 after purchasing an additional 30,826 shares in the last quarter. State Street Corp increased its holdings in shares of Alamo Group by 2.6% during the 3rd quarter. State Street Corp now owns 391,728 shares of the industrial products company's stock valued at $70,562,000 after purchasing an additional 10,013 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Alamo Group by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company's stock valued at $41,834,000 after purchasing an additional 670 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Alamo Group during the 3rd quarter valued at approximately $35,759,000. Finally, Janus Henderson Group PLC increased its holdings in Alamo Group by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 175,073 shares of the industrial products company's stock worth $31,537,000 after acquiring an additional 575 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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Alamo Group Trading Up 0.9 %

Shares of ALG stock traded up $1.73 on Thursday, hitting $189.99. 6,484 shares of the stock traded hands, compared to its average volume of 80,984. The firm's 50-day moving average price is $183.83 and its two-hundred day moving average price is $184.33. 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 stock has a market capitalization of $2.29 billion, a PE ratio of 19.13 and a beta of 1.10. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $228.88.

Alamo Group (NYSE:ALG - Get Free Report) last announced 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. The firm had revenue of $385.32 million for the quarter, compared to analysts' expectations of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. As a group, analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The company also recently declared 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 boost from Alamo Group's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. Alamo Group's payout ratio is presently 12.46%.

Wall Street Analysts Forecast Growth

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

Alamo Group 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.