Alamo Group, Inc. $ALG Stock Holdings Trimmed by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in Alamo Group, Inc. (NYSE:ALG) by 80.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,984 shares of the industrial products company’s stock after selling 33,261 shares during the period. Intech Investment Management LLC’s holdings in Alamo Group were worth $1,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Alamo Group by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 256,823 shares of the industrial products company’s stock valued at $43,120,000 after buying an additional 1,976 shares during the last quarter. Royce & Associates LP increased its holdings in Alamo Group by 44.7% in the fourth quarter. Royce & Associates LP now owns 7,910 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 2,443 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Alamo Group by 861.5% in the fourth quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock valued at $84,000 after buying an additional 448 shares during the last quarter. Legato Capital Management LLC increased its holdings in Alamo Group by 81.2% in the fourth quarter. Legato Capital Management LLC now owns 8,258 shares of the industrial products company’s stock valued at $1,386,000 after buying an additional 3,701 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in Alamo Group by 136.2% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after buying an additional 177 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alamo Group news, CEO Robert Paul Hureau acquired 460 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of $164.40 per share, with a total value of $75,624.00. Following the acquisition, the chief executive officer directly owned 12,506 shares of the company’s stock, valued at $2,055,986.40. This represents a 3.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward Rizzuti sold 600 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $170.93, for a total value of $102,558.00. Following the completion of the transaction, the executive vice president directly owned 10,857 shares of the company’s stock, valued at $1,855,787.01. This trade represents a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ALG shares. DA Davidson lowered their price objective on Alamo Group from $190.00 to $188.00 and set a “neutral” rating for the company in a report on Monday, May 11th. William Blair initiated coverage on Alamo Group in a report on Monday, March 16th. They set an “outperform” rating for the company. Weiss Ratings lowered Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One research 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. According to MarketBeat.com, Alamo Group currently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Alamo Group Stock Down 1.8%

NYSE:ALG opened at $148.91 on Friday. The firm has a market capitalization of $1.81 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.11. The stock has a 50 day moving average of $162.69 and a 200-day moving average of $175.40. Alamo Group, Inc. has a 52 week low of $145.76 and a 52 week high of $233.29. The company has a current ratio of 4.32, a quick ratio of 2.45 and a debt-to-equity ratio of 0.23.

Alamo Group (NYSE:ALG) last posted its earnings results on Monday, May 4th. The industrial products company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.20 by $0.36. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%.The company had revenue of $417.15 million during the quarter, compared to analyst estimates of $398.02 million. Analysts predict that Alamo Group, Inc. will post 10.61 EPS for the current year.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, April 15th. Alamo Group’s dividend payout ratio is 16.27%.

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.