TIAA CREF Investment Management LLC trimmed its position in shares of Alamo Group, Inc. (NYSE:ALG) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,728 shares of the industrial products company’s stock after selling 1,291 shares during the period. TIAA CREF Investment Management LLC’s holdings in Alamo Group were worth $5,951,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Teachers Advisors LLC increased its holdings in Alamo Group by 3.4% during the fourth quarter. Teachers Advisors LLC now owns 18,074 shares of the industrial products company’s stock worth $2,040,000 after buying an additional 590 shares during the last quarter. LS Investment Advisors LLC boosted its position in Alamo Group by 202.6% during the fourth quarter. LS Investment Advisors LLC now owns 1,065 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 713 shares during the period. Swiss National Bank boosted its position in Alamo Group by 5.0% during the fourth quarter. Swiss National Bank now owns 16,800 shares of the industrial products company’s stock worth $1,896,000 after purchasing an additional 800 shares during the period. SG Americas Securities LLC bought a new position in Alamo Group during the third quarter worth $111,000. Finally, Ramsey Quantitative Systems bought a new position in Alamo Group during the fourth quarter worth $125,000. Institutional investors and hedge funds own 91.45% of the company’s stock.
A number of research firms have commented on ALG. ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $105.00.
In other Alamo Group news, Director Rick Parod bought 1,000 shares of Alamo Group stock in a transaction dated 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 completion of the transaction, the director now owns 1,420 shares in the company, valued at approximately $162,845.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dan Edward Malone sold 900 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $114.39, for a total transaction of $102,951.00. Following the completion of the sale, the vice president now directly owns 11,150 shares of the company’s stock, valued at approximately $1,275,448.50. The disclosure for this sale can be found here. Insiders own 3.48% of the company’s stock.
ALG stock opened at $115.59 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.87 and a quick ratio of 2.34. Alamo Group, Inc. has a one year low of $71.67 and a one year high of $120.58. The firm has a market cap of $1,333.92, a price-to-earnings ratio of 24.97 and a beta of 0.93.
Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. Alamo Group had a net margin of 4.86% and a return on equity of 12.49%. The firm had revenue of $243.26 million during the quarter, compared to analysts’ expectations of $229.40 million. sell-side analysts anticipate that Alamo Group, Inc. will post 5.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Monday, April 16th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.44 dividend on an annualized basis and a yield of 0.38%. Alamo Group’s dividend payout ratio (DPR) is 9.50%.
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About Alamo Group
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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