Inceptionr LLC Reduces Stock Position in Alamo Group Inc. (NYSE:ALG)

Inceptionr LLC trimmed its holdings in Alamo Group Inc. (NYSE:ALG) by 73.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,593 shares of the industrial products company’s stock after selling 4,498 shares during the period. Inceptionr LLC’s holdings in Alamo Group were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of Alamo Group in the third quarter valued at $35,759,000. Victory Capital Management Inc. boosted its stake in Alamo Group by 8.0% in the 4th quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company’s stock worth $83,421,000 after purchasing an additional 33,294 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Alamo Group by 4.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company’s stock valued at $121,205,000 after buying an additional 30,826 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new stake in shares of Alamo Group during the third quarter valued at about $3,014,000. Finally, Tributary Capital Management LLC lifted its holdings in shares of Alamo Group by 16.0% in the fourth quarter. Tributary Capital Management LLC now owns 116,584 shares of the industrial products company’s stock worth $21,674,000 after buying an additional 16,093 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Price Performance

ALG stock opened at $183.28 on Monday. The firm has a 50 day simple moving average of $183.01 and a two-hundred day simple moving average of $184.17. The stock has a market cap of $2.21 billion, a PE ratio of 18.46 and a beta of 1.10. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39.

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

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. Alamo Group’s dividend payout ratio (DPR) is currently 12.46%.

Insider Buying and Selling

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of Alamo Group stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the transaction, the vice president now directly owns 3,360 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALG. DA Davidson reduced their price objective on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Baird R W lowered Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Robert W. Baird lowered Alamo Group from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $224.00 to $177.00 in a research note on Friday, February 28th.

About Alamo Group

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.