Uncommon Cents Investing LLC Lowers Holdings in Alamo Group Inc. (NYSE:ALG)

Uncommon Cents Investing LLC trimmed its position in shares of Alamo Group Inc. (NYSE:ALG) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,280 shares of the industrial products company’s stock after selling 155 shares during the quarter. Uncommon Cents Investing LLC owned about 0.06% of Alamo Group worth $1,530,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of Alamo Group by 33.5% during the second quarter. Tower Research Capital LLC TRC now owns 271 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 68 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Alamo Group by 5,380.0% in the first quarter. NewEdge Advisors LLC now owns 274 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 269 shares during the last quarter. FMR LLC boosted its position in shares of Alamo Group by 17.4% during the second quarter. FMR LLC now owns 701 shares of the industrial products company’s stock valued at $81,000 after buying an additional 104 shares during the last quarter. Huntington National Bank increased its holdings in Alamo Group by 34.3% in the 2nd quarter. Huntington National Bank now owns 795 shares of the industrial products company’s stock worth $146,000 after buying an additional 203 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Alamo Group by 30.1% in the 1st quarter. Captrust Financial Advisors now owns 964 shares of the industrial products company’s stock worth $139,000 after buying an additional 223 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALG has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. DA Davidson increased their price target on Alamo Group from $230.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, February 27th.

Alamo Group Price Performance

NYSE ALG opened at $228.51 on Friday. The company has a current ratio of 3.76, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. Alamo Group Inc. has a 12 month low of $157.74 and a 12 month high of $231.40. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 20.12 and a beta of 1.03. The company’s 50 day moving average is $211.15 and its two-hundred day moving average is $193.64.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.22). Alamo Group had a return on equity of 15.52% and a net margin of 8.06%. The firm had revenue of $417.54 million during the quarter. As a group, research analysts anticipate that Alamo Group Inc. will post 13.17 earnings per share for the current year.

Alamo Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, January 12th. This is a boost from Alamo Group’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.46%. Alamo Group’s dividend payout ratio (DPR) is currently 9.15%.

Alamo Group 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.