Alamo Group, Inc. $ALG Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. reduced its position in Alamo Group, Inc. (NYSE:ALG) by 15.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 340,363 shares of the industrial products company’s stock after selling 60,497 shares during the period. Westwood Holdings Group Inc.’s holdings in Alamo Group were worth $74,328,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ALG. Ninepoint Partners LP acquired a new stake in shares of Alamo Group in the first quarter valued at about $40,988,000. Assenagon Asset Management S.A. acquired a new stake in Alamo Group in the second quarter worth $19,117,000. Pacer Advisors Inc. bought a new stake in shares of Alamo Group during the first quarter valued at approximately $12,920,000. Victory Capital Management Inc. grew its position in Alamo Group by 12.9% in the 1st quarter. Victory Capital Management Inc. now owns 506,815 shares of the industrial products company’s stock valued at $90,320,000 after buying an additional 58,097 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Alamo Group by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 768,973 shares of the industrial products company’s stock valued at $137,039,000 after purchasing an additional 47,819 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ALG. Robert W. Baird raised shares of Alamo Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $209.00 to $260.00 in a research note on Monday, August 4th. Baird R W upgraded Alamo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. DA Davidson reduced their price objective on Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday. Wall Street Zen lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alamo Group in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $222.33.

Insider Buying and Selling

In other Alamo Group news, CEO Jeffery Allen Leonard sold 2,500 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.19, for a total value of $555,475.00. Following the transaction, the chief executive officer directly owned 38,413 shares of the company’s stock, valued at $8,534,984.47. This represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.18% of the stock is owned by company insiders.

Alamo Group Price Performance

Shares of ALG opened at $162.05 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.56 and a quick ratio of 2.76. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 0.94 and a beta of 1.13. The business’s 50-day moving average is $187.16 and its 200-day moving average is $202.54. Alamo Group, Inc. has a fifty-two week low of $157.07 and a fifty-two week high of $233.29.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.27). Alamo Group had a net margin of 7.41% and a return on equity of 11.45%. The company had revenue of $420.04 million during the quarter, compared to analyst estimates of $407.55 million. Equities research analysts expect that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 28th. Investors of record on Wednesday, October 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. Alamo Group’s dividend payout ratio (DPR) is presently 12.45%.

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.