Alamo Group, Inc. $ALG Shares Acquired by Dean Capital Management

Dean Capital Management increased its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 159.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 16,747 shares of the industrial products company’s stock after buying an additional 10,282 shares during the quarter. Alamo Group accounts for about 1.1% of Dean Capital Management’s investment portfolio, making the stock its 23rd biggest holding. Dean Capital Management’s holdings in Alamo Group were worth $2,763,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ALG. Natixis Advisors LLC grew its stake in Alamo Group by 209.0% during the 4th quarter. Natixis Advisors LLC now owns 49,217 shares of the industrial products company’s stock valued at $8,262,000 after purchasing an additional 33,291 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Alamo Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company’s stock valued at $134,000,000 after purchasing an additional 12,499 shares during the period. UBS Group AG raised its stake in shares of Alamo Group by 26.7% in the fourth quarter. UBS Group AG now owns 58,708 shares of the industrial products company’s stock worth $9,855,000 after purchasing an additional 12,361 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Alamo Group by 9.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,327 shares of the industrial products company’s stock worth $113,562,000 after purchasing an additional 57,456 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Alamo Group by 16.2% during the fourth quarter. Kennedy Capital Management LLC now owns 183,065 shares of the industrial products company’s stock worth $30,731,000 after purchasing an additional 25,485 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Price Performance

NYSE:ALG opened at $165.32 on Monday. The firm’s fifty day moving average is $158.62 and its two-hundred day moving average is $173.91. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.45 and a current ratio of 4.32. Alamo Group, Inc. has a one year low of $145.76 and a one year high of $233.29.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.36. The business had revenue of $417.15 million during the quarter, compared to analyst estimates of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. Research analysts expect that Alamo Group, Inc. will post 10.65 EPS for the current year.

Alamo Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Thursday, July 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, July 16th. Alamo Group’s dividend payout ratio (DPR) is 16.27%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ALG shares. Weiss Ratings lowered Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. DA Davidson reissued a “neutral” rating and set a $188.00 price target on shares of Alamo Group in a research report on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Alamo Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Alamo Group Company Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.