Alamo Group Inc. (NYSE:ALG) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its stake in Alamo Group Inc. (NYSE:ALG) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,646 shares of the industrial products company’s stock after selling 77 shares during the period. Illinois Municipal Retirement Fund’s holdings in Alamo Group were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Huntington National Bank boosted its holdings in Alamo Group by 10.4% in the third quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 63 shares during the period. Aurora Investment Counsel boosted its holdings in Alamo Group by 1.5% in the third quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock valued at $1,034,000 after purchasing an additional 85 shares during the period. FORA Capital LLC boosted its holdings in Alamo Group by 6.7% in the third quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 88 shares during the period. Tidal Investments LLC lifted its holdings in Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock worth $557,000 after buying an additional 113 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Alamo Group Stock Down 5.0 %

Alamo Group stock opened at $175.02 on Monday. Alamo Group Inc. has a fifty-two week low of $163.74 and a fifty-two week high of $228.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The company has a market capitalization of $2.11 billion, a P/E ratio of 17.63 and a beta of 1.10. The stock has a 50-day simple moving average of $183.83 and a 200-day simple moving average of $184.12.

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

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, January 16th. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. Alamo Group’s payout ratio is 12.08%.

Insider Activity at Alamo Group

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the transaction, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ALG has been the subject of a number of recent analyst reports. StockNews.com raised Alamo Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Robert W. Baird downgraded Alamo Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $224.00 to $177.00 in a report on Friday. Finally, Baird R W downgraded Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday.

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.