Alamo Group Inc. (NYSE:ALG) Holdings Lowered by Private Advisory Group LLC

Private Advisory Group LLC reduced its holdings in Alamo Group Inc. (NYSE:ALG) by 34.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the industrial products company’s stock after selling 1,020 shares during the period. Private Advisory Group LLC’s holdings in Alamo Group were worth $342,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new stake in Alamo Group in the 1st quarter worth about $1,067,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Alamo Group by 16.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company’s stock worth $64,518,000 after purchasing an additional 52,250 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Alamo Group by 42.4% during the 1st quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company’s stock worth $39,346,000 after purchasing an additional 51,292 shares in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 7,121 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Alamo Group during the 2nd quarter worth about $4,290,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $177.05 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.52 and a current ratio of 4.37. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 16.76 and a beta of 1.06. The business’s 50-day simple moving average is $177.13 and its 200-day simple moving average is $187.04. Alamo Group Inc. has a 52 week low of $157.74 and a 52 week high of $231.40.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.44). The company had revenue of $416.30 million for the quarter. Alamo Group had a net margin of 7.56% and a return on equity of 13.51%. During the same quarter last year, the company posted $3.03 earnings per share. As a group, equities research analysts expect that Alamo Group Inc. will post 10.23 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, October 15th. Alamo Group’s dividend payout ratio is 9.85%.

Insider Buying and Selling at Alamo Group

In other Alamo Group news, EVP Richard Hodges Raborn sold 300 shares of the firm’s stock in a transaction that occurred on 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 owns 11,061 shares of the company’s stock, valued at $2,005,138.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Alamo Group news, EVP Richard Hodges Raborn sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the completion of the sale, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Rizzuti sold 322 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the sale, the executive vice president now owns 7,765 shares of the company’s stock, valued at $1,384,421.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.