Neumeier Poma Investment Counsel LLC Sells 10,761 Shares of Alamo Group Inc. (NYSE:ALG)

Neumeier Poma Investment Counsel LLC lowered its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,366 shares of the industrial products company's stock after selling 10,761 shares during the quarter. Neumeier Poma Investment Counsel LLC owned 0.71% of Alamo Group worth $15,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ALG. Smartleaf Asset Management LLC increased its position in Alamo Group by 442.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock worth $38,000 after purchasing an additional 168 shares in the last quarter. KBC Group NV raised its stake in shares of Alamo Group by 57.1% in the 4th 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. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Alamo Group by 192.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company's stock valued at $146,000 after acquiring an additional 534 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Alamo Group during the 4th quarter worth $200,000. Finally, Choreo LLC purchased a new position in Alamo Group in the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Alamo Group Stock Down 1.4 %

Shares of Alamo Group stock opened at $178.34 on Tuesday. Alamo Group Inc. has a 1-year low of $163.74 and a 1-year high of $227.22. The company has a market capitalization of $2.16 billion, a P/E ratio of 17.96 and a beta of 1.10. The business's fifty day moving average price is $184.83 and its two-hundred day moving average price is $184.95. 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 (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 analysts' consensus estimates of $2.23 by $0.16. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The firm had revenue of $385.32 million during the quarter, compared to analyst estimates of $396.85 million. As a group, research analysts forecast that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.67%. The ex-dividend date was Thursday, January 16th. This is an increase from Alamo Group's previous quarterly dividend of $0.26. Alamo Group's payout ratio is presently 12.46%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALG. Robert W. Baird lowered Alamo Group from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. DA Davidson reduced their target price on shares of Alamo Group from $219.00 to $217.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Baird R W lowered shares of 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 objective on shares of Alamo Group in a report on Monday, March 3rd. Finally, StockNews.com downgraded Alamo Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th.

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.