Dimensional Fund Advisors LP Sells 3,524 Shares of Alamo Group Inc. (NYSE:ALG)

Dimensional Fund Advisors LP trimmed its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,369 shares of the industrial products company's stock after selling 3,524 shares during the period. Dimensional Fund Advisors LP owned approximately 4.90% of Alamo Group worth $109,756,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Industrial Alliance Securities set a $217.00 price objective on shares of Alamo Group in a research report on Monday, March 3rd. Robert W. Baird lowered Alamo Group from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $224.00 to $177.00 in a research note on Friday, February 28th. Baird R W downgraded Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, DA Davidson lowered their price objective on Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st.

Alamo Group Stock Performance

NYSE ALG opened at $168.15 on Monday. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $205.62. 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 stock has a market cap of $2.03 billion, a P/E ratio of 16.93 and a beta of 1.00. The company's 50-day simple moving average is $177.73 and its 200 day simple moving average is $183.51.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $385.32 million for the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. As a group, research analysts forecast that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. Alamo Group's payout ratio is presently 12.46%.

About Alamo Group

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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