Sei Investments Co. lifted its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 20.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,539 shares of the industrial products company's stock after buying an additional 3,517 shares during the period. Sei Investments Co. owned 0.17% of Alamo Group worth $3,819,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Alamo Group by 4.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company's stock worth $121,205,000 after purchasing an additional 30,826 shares during the period. Victory Capital Management Inc. lifted its position in Alamo Group by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company's stock worth $83,421,000 after buying an additional 33,294 shares during the period. State Street Corp lifted its position in Alamo Group by 2.6% during the third quarter. State Street Corp now owns 391,728 shares of the industrial products company's stock worth $70,562,000 after buying an additional 10,013 shares during the period. Geode Capital Management LLC grew its holdings in Alamo Group by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company's stock valued at $41,834,000 after buying an additional 670 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Alamo Group during the 3rd quarter valued at about $35,759,000. Institutional investors and hedge funds own 92.36% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. StockNews.com lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a report on Monday, March 3rd. DA Davidson reduced their target price on Alamo Group from $219.00 to $217.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Baird R W downgraded Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th.
Check Out Our Latest Research Report on ALG
Alamo Group Stock Down 2.5 %
Shares of NYSE:ALG traded down $4.14 during midday trading on Monday, hitting $161.67. 133,591 shares of the company's stock traded hands, compared to its average volume of 90,307. Alamo Group Inc. has a twelve month low of $159.93 and a twelve month high of $222.88. The company has a market cap of $1.95 billion, a PE ratio of 16.28 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The firm's fifty day moving average price is $183.45 and its two-hundred day moving average price is $184.64.
Alamo Group (NYSE:ALG - Get Free Report) last issued its earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.16. The company had revenue of $385.32 million during the quarter, compared to the consensus estimate of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. On average, equities research analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.
Alamo Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is 12.46%.
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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