Alamo Group Inc. (NYSE:ALG) Position Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in shares of Alamo Group Inc. (NYSE:ALG) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,846 shares of the industrial products company’s stock after selling 365 shares during the period. Los Angeles Capital Management LLC’s holdings in Alamo Group were worth $1,859,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Alamo Group by 42.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 399,190 shares of the industrial products company’s stock worth $83,906,000 after purchasing an additional 119,636 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Alamo Group by 251.1% during the third quarter. Assenagon Asset Management S.A. now owns 44,214 shares of the industrial products company’s stock worth $7,643,000 after buying an additional 31,621 shares during the last quarter. RK Capital Management LLC bought a new position in shares of Alamo Group in the third quarter worth about $5,177,000. Cerity Partners LLC lifted its position in shares of Alamo Group by 75.0% during the 4th quarter. Cerity Partners LLC now owns 53,570 shares of the industrial products company’s stock worth $11,260,000 after purchasing an additional 22,951 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Alamo Group by 119.2% during the 3rd quarter. AQR Capital Management LLC now owns 29,635 shares of the industrial products company’s stock valued at $5,123,000 after purchasing an additional 16,115 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Stock Performance

ALG opened at $194.12 on Wednesday. The stock has a market cap of $2.34 billion, a PE ratio of 17.27 and a beta of 1.07. The company has a current ratio of 4.29, a quick ratio of 2.49 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $208.06 and its 200-day simple moving average is $201.02. Alamo Group Inc. has a 1 year low of $157.74 and a 1 year high of $231.40.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.01. The company had revenue of $425.59 million for the quarter. Alamo Group had a return on equity of 14.82% and a net margin of 7.92%. During the same quarter in the prior year, the company posted $2.79 earnings per share. Sell-side analysts forecast that Alamo Group Inc. will post 13.17 EPS for the current year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, April 15th. This represents a $1.04 annualized dividend and a yield of 0.54%. Alamo Group’s dividend payout ratio is currently 9.25%.

Insider Buying and Selling at Alamo Group

In related news, EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total transaction of $93,577.66. Following the completion of the transaction, the executive vice president now directly owns 19,206 shares of the company’s stock, valued at approximately $4,299,647.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday. DA Davidson dropped their price objective on shares of Alamo Group from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday.

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.