State of Tennessee Treasury Department decreased its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,470 shares of the industrial products company’s stock after selling 813 shares during the quarter. State of Tennessee Treasury Department owned about 0.06% of Alamo Group worth $843,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in ALG. SG Americas Securities LLC acquired a new stake in Alamo Group in the 3rd quarter valued at $111,000. LS Investment Advisors LLC boosted its holdings in Alamo Group by 202.6% during the 4th quarter. LS Investment Advisors LLC now owns 1,065 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 713 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Alamo Group during the 3rd quarter worth $210,000. Capital Fund Management S.A. purchased a new position in Alamo Group during the 4th quarter worth $214,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Alamo Group during the 3rd quarter worth $223,000. 91.42% of the stock is owned by institutional investors.
ALG stock opened at $114.38 on Friday. Alamo Group, Inc. has a twelve month low of $71.67 and a twelve month high of $120.58. The company has a quick ratio of 2.34, a current ratio of 3.87 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1,307.82, a price-to-earnings ratio of 24.70 and a beta of 0.93.
Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $243.26 million during the quarter, compared to analyst estimates of $229.40 million. Alamo Group had a return on equity of 12.49% and a net margin of 4.86%. sell-side analysts expect that Alamo Group, Inc. will post 5.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Monday, April 16th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Friday, April 13th. Alamo Group’s dividend payout ratio is currently 9.50%.
A number of equities research analysts have recently commented on ALG shares. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research cut Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $105.00.
In other Alamo Group news, VP Dan Edward Malone sold 900 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $114.39, for a total value of $102,951.00. Following the completion of the sale, the vice president now owns 11,150 shares in the company, valued at $1,275,448.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rick Parod acquired 1,000 shares of the stock in a transaction on Tuesday, March 20th. The stock was bought at an average price of $114.68 per share, with a total value of $114,680.00. Following the transaction, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $162,845.60. The disclosure for this purchase can be found here. 3.48% of the stock is owned by corporate insiders.
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About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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