5,460 Shares in Alamo Group Inc. (NYSE:ALG) Acquired by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. acquired a new position in Alamo Group Inc. (NYSE:ALG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,460 shares of the industrial products company's stock, valued at approximately $984,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Alamo Group by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 759,699 shares of the industrial products company's stock worth $159,681,000 after acquiring an additional 7,121 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Alamo Group by 48.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 596,480 shares of the industrial products company's stock valued at $103,191,000 after purchasing an additional 193,463 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Alamo Group by 9.4% during the second quarter. Victory Capital Management Inc. now owns 386,638 shares of the industrial products company's stock valued at $66,888,000 after purchasing an additional 33,190 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Alamo Group by 16.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company's stock worth $64,518,000 after buying an additional 52,250 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in shares of Alamo Group by 17.1% in the second quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company's stock worth $59,635,000 after buying an additional 50,327 shares during the period. Institutional investors own 92.36% of the company's stock.

Insider Activity

In related news, EVP Richard Hodges Raborn sold 300 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $2,005,138.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Richard Hodges Raborn sold 300 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total transaction of $54,384.00. Following the sale, the executive vice president now owns 11,061 shares of the company's stock, valued at $2,005,138.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward Rizzuti sold 322 shares of Alamo Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of $178.29, for a total transaction of $57,409.38. Following the completion of the transaction, the executive vice president now directly owns 7,765 shares of the company's stock, valued at $1,384,421.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Alamo Group Price Performance

ALG traded down $2.29 on Friday, hitting $177.54. 47,547 shares of the company's stock traded hands, compared to its average volume of 74,284. Alamo Group Inc. has a one year low of $157.74 and a one year high of $231.40. The company has a current ratio of 4.37, a quick ratio of 2.52 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 15.80 and a beta of 1.06. The company's 50 day simple moving average is $177.94 and its 200-day simple moving average is $185.25.

Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.35 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.44). The company had revenue of $416.30 million during the quarter. Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. During the same quarter in the previous year, the business earned $3.03 earnings per share. As a group, research analysts anticipate that Alamo Group Inc. will post 10.23 EPS for the current year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, October 15th. Alamo Group's dividend payout ratio (DPR) is presently 9.25%.

Analyst Ratings Changes

Several research firms recently issued reports on ALG. Robert W. Baird reduced their target price on shares of Alamo Group from $223.00 to $217.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. StockNews.com downgraded shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Finally, DA Davidson lifted their target price on shares of Alamo Group from $209.00 to $219.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th.

About Alamo Group

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.