Alamo Group Inc. (NYSE:ALG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,843 shares of the industrial products company's stock after selling 4,675 shares during the quarter. Wellington Management Group LLP owned about 1.61% of Alamo Group worth $36,037,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Alamo Group by 442.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after buying an additional 168 shares during the period. KBC Group NV lifted its holdings in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after acquiring an additional 189 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Alamo Group in the fourth quarter valued at approximately $200,000. Choreo LLC bought a new position in shares of Alamo Group during the fourth quarter valued at approximately $201,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Alamo Group during the 4th quarter worth approximately $203,000. Institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

Alamo Group Stock Performance

Shares of ALG traded up $1.70 during trading hours on Friday, reaching $170.74. 101,531 shares of the company's stock traded hands, compared to its average volume of 91,728. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 17.19 and a beta of 1.00. The business's fifty day simple moving average is $181.20 and its two-hundred day simple moving average is $184.02. 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 current ratio of 4.15 and a quick ratio of 2.39.

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 firm had revenue of $385.32 million for the quarter, compared to analysts' expectations of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. Analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Alamo Group's dividend payout ratio (DPR) is 12.46%.

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.