Alamo Group Inc. (NYSE:ALG) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. grew its holdings in Alamo Group Inc. (NYSE:ALG - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,074 shares of the industrial products company's stock after purchasing an additional 2,940 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.08% of Alamo Group worth $1,687,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALG. Dean Investment Associates LLC bought a new stake in Alamo Group during the 4th quarter valued at $4,347,000. Canada Pension Plan Investment Board bought a new position in Alamo Group in the fourth quarter worth about $985,000. XTX Topco Ltd purchased a new stake in shares of Alamo Group during the fourth quarter valued at about $243,000. Mariner LLC raised its stake in shares of Alamo Group by 8.7% during the 4th quarter. Mariner LLC now owns 1,607 shares of the industrial products company's stock worth $299,000 after acquiring an additional 129 shares in the last quarter. Finally, Barclays PLC lifted its position in Alamo Group by 1.8% during the fourth quarter. Barclays PLC now owns 22,826 shares of the industrial products company's stock valued at $4,243,000 after acquiring an additional 409 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Alamo Group Stock Performance

ALG traded down $2.41 during trading on Friday, reaching $168.15. 51,109 shares of the company's stock were exchanged, compared to its average volume of 92,781. The company's fifty day simple moving average is $177.73 and its 200-day simple moving average is $183.35. The stock has a market capitalization of $2.03 billion, a P/E ratio of 16.93 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. Alamo Group Inc. has a 1 year low of $157.07 and a 1 year high of $205.62.

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, topping 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 company had revenue of $385.32 million for the quarter, compared to the consensus estimate of $396.85 million. As a group, research analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th will be paid 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 12.46%.

Analysts Set New Price Targets

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

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.