Janus Henderson Group PLC Has $32.63 Million Stake in Alamo Group Inc. (NYSE:ALG)

Janus Henderson Group PLC increased its stake in shares of Alamo Group Inc. (NYSE:ALG) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 175,508 shares of the industrial products company’s stock after acquiring an additional 435 shares during the period. Janus Henderson Group PLC owned 1.46% of Alamo Group worth $32,627,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Cornerstone Investment Partners LLC increased its holdings in shares of Alamo Group by 2.2% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,606 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 56 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Alamo Group by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company’s stock valued at $199,000 after acquiring an additional 69 shares during the last quarter. Swiss National Bank increased 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 valued at $3,737,000 after acquiring an additional 100 shares during the last quarter. Mariner LLC increased its holdings in shares of Alamo Group by 8.7% during the 4th quarter. Mariner LLC now owns 1,607 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 129 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Alamo Group by 0.9% in the 4th quarter. US Bancorp DE now owns 16,761 shares of the industrial products company’s stock valued at $3,116,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ALG. Industrial Alliance Securities set a $217.00 target price on Alamo Group in a report on Monday, March 3rd. DA Davidson lowered their target price on Alamo Group from $217.00 to $195.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Baird R W lowered Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. StockNews.com raised Alamo Group from a “hold” rating to a “buy” rating in a report on Monday. Finally, Robert W. Baird lowered Alamo Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $224.00 to $177.00 in a report on Friday, February 28th.

Alamo Group Price Performance

Shares of NYSE:ALG opened at $201.05 on Thursday. Alamo Group Inc. has a 1-year low of $157.07 and a 1-year high of $205.62. The firm has a market capitalization of $2.43 billion, a PE ratio of 20.25 and a beta of 1.02. The business’s 50 day moving average is $176.91 and its 200-day moving average is $183.80. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Thursday, May 8th. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.32. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The company had revenue of $390.95 million for the quarter, compared to analyst estimates of $391.08 million. Sell-side analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group’s payout ratio is presently 12.50%.

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.