Alamo Group Inc. (ALG)

Panagora Asset Management Inc. Grows Position in Alamo Group Inc. (NYSE:ALG)

Panagora Asset Management Inc. grew its stake in Alamo Group Inc. (NYSE:ALG – Free Report) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,851 shares of the industrial products company’s stock after buying an additional 5,498 shares during the period. Panagora Asset Management Inc. owned 0.13% of Alamo Group worth $3,332,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also made changes to their positions in ALG. Los Angeles Capital Management LLC raised its position in Alamo Group by 0.8% during the third quarter. Los Angeles Capital Management LLC now owns 9,211 shares of the industrial products company’s stock valued at $1,592,000 after acquiring an additional 72 shares in the last quarter. Private Advisory Group LLC increased its holdings in shares of Alamo Group by 2.6% during the 3rd quarter. Private Advisory Group LLC now owns 3,165 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 79 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of Alamo Group by 2.9% in the 4th quarter. Yousif Capital Management LLC now owns 5,267 shares of the industrial products company’s stock valued at $1,107,000 after purchasing an additional 147 shares during the period. Barclays PLC boosted its holdings in Alamo Group by 1.4% during the third quarter. Barclays PLC now owns 12,002 shares of the industrial products company’s stock worth $2,075,000 after buying an additional 163 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Alamo Group by 1.3% in the third quarter. Swiss National Bank now owns 23,800 shares of the industrial products company’s stock valued at $4,114,000 after buying an additional 300 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds. Alamo Group Stock Down 0.9 % ALG stock opened at $194.24 on Monday. Alamo Group Inc. has a one year low of $157.74 and a one year high of $231.40. The firm has a market cap of $2.34 billion, a PE ratio of 17.28 and a beta of 1.07. The firm’s 50 day moving average price is $207.04 and its 200-day moving average price is $203.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.49 and a current ratio of 4.29. Alamo Group (NYSE:ALG – Get Free Report) last posted its earnings results on Friday, May 3rd. The industrial products company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.01. The company had revenue of $425.59 million for the quarter. Alamo Group had a return on equity of 14.82% and a net margin of 7.92%. During the same quarter in the prior year, the firm earned $2.79 EPS. On average, equities research analysts anticipate that Alamo Group Inc. will post 12.3 EPS for the current year. Alamo Group Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, April 15th. Alamo Group’s dividend payout ratio is presently 9.25%. Insider Activity In related news, EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the completion of the sale, the executive vice president now owns 19,206 shares in the company, valued at approximately $4,299,647.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock. Wall Street Analysts Forecast Growth ALG has been the topic of a number of research analyst reports. StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. DA Davidson cut their target price on shares of Alamo Group from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Read Our Latest Stock Report on ALG Alamo Group Company Profile (Free Report) 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. Read More Five stocks we like better than Alamo Group Which Wall Street Analysts are the Most Accurate? Canada Goose Flies Higher Driven By DTC Growth What Investors Need to Know About Upcoming IPOs CVS Health Stock Has a Silver Lining Called Value Technology Stocks Explained: Here’s What to Know About Tech Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding ALG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamo Group Inc. (NYSE:ALG – Free Report).