Dean Investment Associates LLC Buys New Position in Alamo Group Inc. (NYSE:ALG)

Dean Investment Associates LLC purchased a new position in Alamo Group Inc. (NYSE:ALG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,380 shares of the industrial products company's stock, valued at approximately $4,347,000. Dean Investment Associates LLC owned about 0.19% of Alamo Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Alamo Group by 442.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 168 shares in the last quarter. KBC Group NV lifted its position in Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after buying an additional 189 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Alamo Group by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock valued at $199,000 after acquiring an additional 69 shares during the period. Raymond James Financial Inc. bought a new position in Alamo Group during the fourth quarter worth $200,000. Finally, Choreo LLC acquired a new stake in Alamo Group during the 4th quarter worth approximately $201,000. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ALG shares. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a research note on Monday, March 3rd. Robert W. Baird downgraded Alamo Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. StockNews.com downgraded Alamo Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, DA Davidson cut their target price on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday.

Alamo Group Stock Up 2.5 %

Alamo Group stock traded up $4.10 during mid-day trading on Tuesday, reaching $165.18. The stock had a trading volume of 23,005 shares, compared to its average volume of 92,196. The firm has a market capitalization of $2.00 billion, a PE ratio of 16.63 and a beta of 1.00. The stock's 50-day simple moving average is $179.11 and its 200-day simple moving average is $183.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. Alamo Group Inc. has a fifty-two week low of $157.07 and a fifty-two week high of $208.66.

Alamo Group (NYSE:ALG - Get Free Report) last released 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 analyst estimates of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. On average, sell-side analysts forecast that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is presently 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.