Kennedy Capital Management LLC Sells 1,553 Shares of Alamo Group Inc. (NYSE:ALG)

Kennedy Capital Management LLC lowered its position in Alamo Group Inc. (NYSE:ALG) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,259 shares of the industrial products company’s stock after selling 1,553 shares during the period. Kennedy Capital Management LLC’s holdings in Alamo Group were worth $19,569,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Cornerstone Investment Partners LLC increased its position in shares of Alamo Group by 2.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,606 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 56 shares during the period. Swiss National Bank lifted its holdings in shares of Alamo Group by 0.5% during the 4th quarter. Swiss National Bank now owns 20,100 shares of the industrial products company’s stock worth $3,737,000 after acquiring an additional 100 shares during the period. Tidal Investments LLC boosted its position in shares of Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 113 shares in the last quarter. US Bancorp DE increased its stake in Alamo Group by 0.9% in the fourth quarter. US Bancorp DE now owns 16,761 shares of the industrial products company’s stock valued at $3,116,000 after acquiring an additional 142 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 168 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Up 8.9 %

ALG stock opened at $172.50 on Thursday. The stock has a 50-day simple moving average of $181.64 and a two-hundred day simple moving average of $184.17. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.09 billion, a PE ratio of 17.37 and a beta of 1.00. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $220.61.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.16. The business had revenue of $385.32 million for the quarter, compared to the consensus estimate of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. On average, equities analysts predict that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, April 16th. Alamo Group’s dividend payout ratio is currently 12.46%.

Analyst Ratings Changes

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

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.