GHP Investment Advisors Inc. Purchases 900 Shares of Alamo Group Inc. (NYSE:ALG)

GHP Investment Advisors Inc. raised its position in Alamo Group Inc. (NYSE:ALG) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,152 shares of the industrial products company’s stock after purchasing an additional 900 shares during the period. GHP Investment Advisors Inc. owned 0.09% of Alamo Group worth $2,073,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Creative Planning grew its position in Alamo Group by 33.2% during the third quarter. Creative Planning now owns 2,004 shares of the industrial products company’s stock worth $361,000 after buying an additional 499 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new stake in shares of Alamo Group during the 3rd quarter valued at about $3,014,000. Barclays PLC boosted its position in shares of Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock valued at $4,039,000 after acquiring an additional 15,061 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Alamo Group by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company’s stock worth $13,790,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Alamo Group by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock worth $115,626,000 after purchasing an additional 45,422 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

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 on 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 directly owns 3,360 shares of the company’s stock, valued at $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Alamo Group Stock Up 0.4 %

Shares of ALG opened at $182.89 on Friday. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $231.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The stock has a 50 day simple moving average of $187.59 and a two-hundred day simple moving average of $183.56. The firm has a market cap of $2.21 billion, a P/E ratio of 18.42 and a beta of 1.10.

Alamo Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were paid a $0.30 dividend. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. Alamo Group’s dividend payout ratio is 12.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALG shares. StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. Robert W. Baird increased their target price on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

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.