Kennedy Capital Management LLC reduced its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,259 shares of the industrial products company's stock after selling 1,553 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.87% of Alamo Group worth $19,569,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 168 shares during the period. KBC Group NV grew its position in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 189 shares during the period. Raymond James Financial Inc. bought a new position in shares of Alamo Group during the fourth quarter valued at $200,000. Choreo LLC acquired a new stake in shares of Alamo Group in the 4th quarter valued at $201,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Alamo Group during the 4th quarter worth about $203,000. Institutional investors and hedge funds own 92.36% of the company's stock.
Alamo Group Trading Up 0.1 %
Shares of Alamo Group stock traded up $0.18 on Tuesday, hitting $169.47. 41,242 shares of the company's stock traded hands, compared to its average volume of 91,829. The firm's 50-day moving average price is $180.96 and its two-hundred day moving average price is $183.97. 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 stock has a market capitalization of $2.05 billion, a PE ratio of 17.07 and a beta of 1.00. Alamo Group Inc. has a one year low of $157.07 and a one year high of $220.61.
Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results 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 firm 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%. On average, research analysts expect that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.
Alamo Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is currently 12.46%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on ALG. DA Davidson decreased their price objective on shares of Alamo Group from $219.00 to $217.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. StockNews.com downgraded Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Industrial Alliance Securities set a $217.00 price objective on shares of Alamo Group in a report on Monday, March 3rd. Finally, Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $224.00 to $177.00 in a research note on Friday, February 28th.
Read Our Latest Report on ALG
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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