Grandeur Peak Global Advisors LLC lifted its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,034 shares of the industrial products company's stock after purchasing an additional 2,688 shares during the period. Grandeur Peak Global Advisors LLC owned 0.50% of Alamo Group worth $11,161,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Cornerstone Investment Partners LLC lifted its holdings in Alamo Group by 2.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,606 shares of the industrial products company's stock valued at $484,000 after buying an additional 56 shares during the period. Swiss National Bank lifted its stake in shares of Alamo Group by 0.5% in the 4th quarter. Swiss National Bank now owns 20,100 shares of the industrial products company's stock valued at $3,737,000 after purchasing an additional 100 shares during the period. Tidal Investments LLC boosted its position in shares of Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company's stock valued at $557,000 after purchasing an additional 113 shares in the last quarter. US Bancorp DE increased its holdings in Alamo Group by 0.9% in the fourth quarter. US Bancorp DE now owns 16,761 shares of the industrial products company's stock worth $3,116,000 after purchasing an additional 142 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after buying an additional 168 shares during the period. 92.36% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on ALG. Robert W. Baird downgraded shares of Alamo Group from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $224.00 to $177.00 in a research report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price target on Alamo Group in a research note on Monday, March 3rd. StockNews.com lowered Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Baird R W lowered shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, DA Davidson decreased their target price on shares of Alamo Group from $219.00 to $217.00 and set a "buy" rating for the company in a research report on Monday, March 3rd.
Check Out Our Latest Research Report on ALG
Alamo Group Stock Performance
Shares of NYSE ALG traded up $1.80 during midday trading on Thursday, reaching $168.67. The company's stock had a trading volume of 33,875 shares, compared to its average volume of 92,021. The stock has a market capitalization of $2.04 billion, a P/E ratio of 16.99 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. The firm has a 50 day moving average price of $180.34 and a 200-day moving average price of $183.76. Alamo Group Inc. has a 12-month low of $157.07 and a 12-month high of $213.49.
Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.16. The company had revenue of $385.32 million for the quarter, compared to analysts' expectations of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. As a group, equities analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current year.
Alamo Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, April 16th. Alamo Group's dividend payout ratio is currently 12.46%.
About Alamo Group
(
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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