Inceptionr LLC Has $296,000 Stock Position in Alamo Group Inc. (NYSE:ALG)

Inceptionr LLC decreased its holdings in Alamo Group Inc. (NYSE:ALG - Free Report) by 73.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,593 shares of the industrial products company's stock after selling 4,498 shares during the period. Inceptionr LLC's holdings in Alamo Group were worth $296,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted 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 worth $38,000 after buying an additional 168 shares in the last quarter. KBC Group NV raised its holdings in shares of Alamo Group by 57.1% during the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after acquiring an additional 189 shares in the last quarter. Huntington National Bank boosted its position in Alamo Group by 10.4% during the third quarter. Huntington National Bank now owns 669 shares of the industrial products company's stock valued at $121,000 after purchasing an additional 63 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Alamo Group by 192.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company's stock worth $146,000 after purchasing an additional 534 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Alamo Group during the 4th quarter worth about $200,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, VP Janet S. Pollock sold 257 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the transaction, the vice president now owns 3,360 shares of the company's stock, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Alamo Group Stock Performance

Shares of NYSE ALG traded down $2.51 during trading hours on Tuesday, hitting $184.04. 49,543 shares of the stock were exchanged, compared to its average volume of 105,393. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88. The company's 50 day moving average is $183.03 and its 200 day moving average is $184.21. 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 market capitalization of $2.22 billion, a P/E ratio of 18.53 and a beta of 1.10.

Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating 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. On average, research analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were given a $0.30 dividend. This is an increase from Alamo Group's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, January 16th. Alamo Group's payout ratio is currently 12.46%.

Analysts Set New Price Targets

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

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.