Alamo Group Inc. (NYSE:ALG) Stock Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Alamo Group Inc. (NYSE:ALG) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 448,718 shares of the industrial products company’s stock after buying an additional 33,294 shares during the quarter. Victory Capital Management Inc. owned about 3.72% of Alamo Group worth $83,421,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning grew its position in Alamo Group by 33.2% in the third quarter. Creative Planning now owns 2,004 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 499 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new stake in shares of Alamo Group in the 3rd quarter valued at $3,014,000. Barclays PLC boosted its holdings in Alamo Group by 204.7% in the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock worth $4,039,000 after purchasing an additional 15,061 shares in the last quarter. JPMorgan Chase & Co. increased its position in Alamo Group by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company’s stock worth $13,790,000 after buying an additional 9,710 shares during the last quarter. Finally, State Street Corp raised its holdings in Alamo Group by 2.6% during the third quarter. State Street Corp now owns 391,728 shares of the industrial products company’s stock valued at $70,562,000 after buying an additional 10,013 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Price Performance

NYSE ALG opened at $182.91 on Friday. The stock has a 50-day simple moving average of $183.05 and a 200 day simple moving average of $184.06. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $228.88. The stock has a market capitalization of $2.21 billion, a PE ratio of 18.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.16. The company had revenue of $385.32 million during the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. Research analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were issued a $0.30 dividend. The ex-dividend date was Thursday, January 16th. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 0.66%. Alamo Group’s dividend payout ratio is 12.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ALG shares. DA Davidson decreased their price target on Alamo Group from $219.00 to $217.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird cut shares of Alamo Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Finally, Baird R W downgraded shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th.

Insiders Place Their Bets

In related news, VP Janet S. Pollock sold 257 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the sale, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Alamo Group Company Profile

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.