Alamo Group Inc. (NYSE:ALG) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 7.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,800 shares of the industrial products company's stock after selling 5,510 shares during the period. Natixis Advisors LLC owned approximately 0.60% of Alamo Group worth $12,933,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in shares of Alamo Group by 7.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company's stock worth $115,626,000 after buying an additional 45,422 shares during the last quarter. Victory Capital Management Inc. raised its position in Alamo Group by 7.4% in the third quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company's stock worth $74,830,000 after acquiring an additional 28,786 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Alamo Group by 16.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company's stock valued at $64,518,000 after acquiring an additional 52,250 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Alamo Group by 17.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company's stock valued at $59,635,000 after buying an additional 50,327 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Alamo Group by 42.4% during the first quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company's stock worth $39,346,000 after purchasing an additional 51,292 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Alamo Group Stock Performance

Shares of Alamo Group stock opened at $191.88 on Thursday. The business's fifty day simple moving average is $180.98 and its 200-day simple moving average is $181.27. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a 52 week low of $163.74 and a 52 week high of $231.40. The firm has a market cap of $2.31 billion, a PE ratio of 19.32 and a beta of 1.08.

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. Alamo Group's payout ratio is 10.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ALG shares. DA Davidson boosted their price objective on Alamo Group from $209.00 to $219.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Robert W. Baird lifted their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the company an "outperform" rating in a report on Monday, November 4th.

Insiders Place Their Bets

In other news, EVP Edward Rizzuti sold 276 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $195.88, for a total value of $54,062.88. Following the completion of the sale, the executive vice president now directly owns 8,439 shares of the company's stock, valued at approximately $1,653,031.32. This represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Hodges Raborn sold 300 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the sale, the executive vice president now directly owns 11,061 shares of the company's stock, valued at approximately $2,005,138.08. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

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.