Trust Point Inc. Sells 1,571 Shares of Alamo Group Inc. (NYSE:ALG)

Trust Point Inc. lowered its holdings in shares of Alamo Group Inc. (NYSE:ALG) by 47.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,725 shares of the industrial products company’s stock after selling 1,571 shares during the quarter. Trust Point Inc.’s holdings in Alamo Group were worth $321,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. JNBA Financial Advisors bought a new stake in shares of Alamo Group in the 3rd quarter worth about $37,000. KBC Group NV lifted its holdings in shares of Alamo Group by 57.1% in the 4th 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. Huntington National Bank lifted its holdings in shares of Alamo Group by 10.4% in the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 63 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Alamo Group by 192.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 534 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Trading Up 0.0 %

ALG stock opened at $181.84 on Thursday. The company has a market capitalization of $2.19 billion, a PE ratio of 18.31 and a beta of 1.10. Alamo Group Inc. has a 12 month low of $163.74 and a 12 month high of $231.40. The firm’s 50-day moving average is $187.91 and its 200 day moving average is $183.57. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.66%. The ex-dividend date was Thursday, January 16th. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. Alamo Group’s dividend payout ratio (DPR) is currently 12.08%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALG. Robert W. Baird raised their target price on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Thursday, January 30th.

Insider Buying and Selling

In related news, VP Janet S. Pollock sold 257 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total value of $49,706.37. Following the transaction, the vice president now owns 3,360 shares of the company’s stock, valued at $649,857.60. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

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.