Alamo Group Inc. (NYSE:ALG) Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Alamo Group Inc. (NYSE:ALG - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 721,154 shares of the industrial products company's stock after purchasing an additional 2,361 shares during the period. Vanguard Group Inc. owned 5.98% of Alamo Group worth $134,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALG. BNP Paribas Financial Markets lifted its position in Alamo Group by 24.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,040 shares of the industrial products company's stock valued at $1,088,000 after purchasing an additional 1,202 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Alamo Group by 40.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the industrial products company's stock valued at $325,000 after purchasing an additional 521 shares during the period. Verition Fund Management LLC raised its holdings in shares of Alamo Group by 174.8% during the third quarter. Verition Fund Management LLC now owns 5,990 shares of the industrial products company's stock valued at $1,079,000 after buying an additional 3,810 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Alamo Group during the third quarter worth approximately $342,000. Finally, State Street Corp grew its holdings in Alamo Group by 2.6% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ALG shares. StockNews.com lowered Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $224.00 to $177.00 in a research note 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. Baird R W cut Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, DA Davidson decreased their price target on Alamo Group from $219.00 to $217.00 and set a "buy" rating for the company in a research note on Monday, March 3rd.

Alamo Group Price Performance

NYSE ALG traded up $1.70 on Friday, reaching $170.74. The company's stock had a trading volume of 101,531 shares, compared to its average volume of 91,728. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $220.61. 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 50 day moving average is $181.20 and its two-hundred day moving average is $184.02. The stock has a market cap of $2.06 billion, a PE ratio of 17.19 and a beta of 1.00.

Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.23 by $0.16. The business had revenue of $385.32 million during the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. As a group, sell-side analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, April 16th. Alamo Group's dividend payout ratio is presently 12.46%.

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.