Natixis Advisors LLC Has $9.86 Million Holdings in Alamo Group Inc. (NYSE:ALG)

Natixis Advisors LLC cut its position in Alamo Group Inc. (NYSE:ALG) by 26.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,032 shares of the industrial products company’s stock after selling 18,768 shares during the quarter. Natixis Advisors LLC owned approximately 0.44% of Alamo Group worth $9,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALG. Wellington Management Group LLP acquired a new position in Alamo Group in the 3rd quarter valued at $35,759,000. Victory Capital Management Inc. boosted its holdings 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 valued at $83,421,000 after purchasing an additional 33,294 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Alamo Group by 4.8% in 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 purchasing an additional 30,826 shares during the period. Advantage Alpha Capital Partners LP bought a new stake in Alamo Group in the 3rd quarter valued at $3,014,000. Finally, Tributary Capital Management LLC boosted its holdings in Alamo Group by 16.0% in the 4th quarter. Tributary Capital Management LLC now owns 116,584 shares of the industrial products company’s stock valued at $21,674,000 after purchasing an additional 16,093 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on ALG. StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Robert W. Baird downgraded shares of Alamo Group from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $224.00 to $177.00 in a report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price target on shares of Alamo Group in a report on Monday, March 3rd. DA Davidson reduced their price target on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating for the company in a report on Monday, March 3rd. 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.

Alamo Group Price Performance

NYSE:ALG opened at $188.30 on Friday. The company has a 50-day moving average of $184.08 and a 200-day moving average of $184.36. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.96 and a beta of 1.10. Alamo Group Inc. has a 52 week low of $163.74 and a 52 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.

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 analysts’ consensus estimates of $2.23 by $0.16. The business had revenue of $385.32 million during the quarter, compared to analysts’ expectations of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. As a group, equities research analysts anticipate that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were given a dividend of $0.30 per share. 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 0.64%. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. Alamo Group’s dividend payout ratio (DPR) is 12.46%.

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.