Tributary Capital Management LLC Has $18.10 Million Holdings in Alamo Group Inc. (NYSE:ALG)

Tributary Capital Management LLC lifted its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,491 shares of the industrial products company's stock after acquiring an additional 8,851 shares during the quarter. Tributary Capital Management LLC owned approximately 0.83% of Alamo Group worth $18,101,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in shares of Alamo Group by 174.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company's stock valued at $43,000 after buying an additional 159 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alamo Group during the 2nd quarter valued at $48,000. Quarry LP acquired a new stake in shares of Alamo Group during the 2nd quarter valued at $48,000. nVerses Capital LLC acquired a new stake in shares of Alamo Group during the 2nd quarter valued at $52,000. Finally, Bessemer Group Inc. boosted its stake in shares of Alamo Group by 1,885.7% during the 1st quarter. Bessemer Group Inc. now owns 278 shares of the industrial products company's stock valued at $63,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Alamo Group Stock Performance

ALG traded up $2.38 during trading on Monday, hitting $174.16. The stock had a trading volume of 42,053 shares, compared to its average volume of 74,128. The firm has a market cap of $2.10 billion, a PE ratio of 15.62 and a beta of 1.06. Alamo Group Inc. has a 12 month low of $158.16 and a 12 month 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 company has a 50 day simple moving average of $177.67 and a 200-day simple moving average of $183.10.

Alamo Group (NYSE:ALG - Get Free Report) last announced 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 firm 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 EPS. Analysts expect that Alamo Group Inc. will post 10.23 EPS for the current year.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 15th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 annualized dividend and a yield of 0.60%. Alamo Group's dividend payout ratio (DPR) is presently 9.25%.

Insider Buying and Selling

In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the sale, the executive vice president now directly owns 7,765 shares in the company, valued at $1,384,421.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alamo Group news, EVP Richard Hodges Raborn sold 300 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were 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 $2,005,138.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Edward Rizzuti sold 322 shares of the firm's 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 sale, the executive vice president now owns 7,765 shares in the company, valued at $1,384,421.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Alamo Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Robert W. Baird cut their price target on shares of Alamo Group from $223.00 to $217.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson raised their price target on shares of Alamo Group from $209.00 to $219.00 and gave the company a "buy" rating in a report on Wednesday, August 28th.

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.