Epoch Investment Partners Inc. Raises Stake in Alamo Group Inc. (NYSE:ALG)

Epoch Investment Partners Inc. lifted its position in Alamo Group Inc. (NYSE:ALG) by 47.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,074 shares of the industrial products company’s stock after purchasing an additional 2,940 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Alamo Group were worth $1,687,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 168 shares during the period. KBC Group NV lifted its holdings in 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 purchasing an additional 189 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Alamo Group by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 69 shares during the period. Raymond James Financial Inc. purchased a new stake in Alamo Group during the 4th quarter valued at approximately $200,000. Finally, Choreo LLC purchased a new position in shares of Alamo Group in the fourth quarter worth $201,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Up 0.3 %

NYSE ALG opened at $167.40 on Monday. Alamo Group Inc. has a 52 week low of $157.07 and a 52 week high of $208.66. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 16.86 and a beta of 1.00. 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 company has a fifty day moving average of $179.57 and a two-hundred day moving average of $183.74.

Alamo Group (NYSE:ALG) last issued its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping 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, analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.20 annualized dividend and a yield of 0.72%. Alamo Group’s dividend payout ratio (DPR) is presently 12.46%.

Analyst Upgrades and Downgrades

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

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.