Alamo Group, Inc. $ALG Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its position in Alamo Group, Inc. (NYSE:ALG) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,363 shares of the industrial products company’s stock after selling 60,497 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Alamo Group were worth $74,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in Alamo Group during the 1st quarter worth approximately $8,361,000. State of Alaska Department of Revenue boosted its position in Alamo Group by 7.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 441 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Alamo Group by 8.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,292 shares of the industrial products company’s stock worth $1,811,000 after acquiring an additional 635 shares in the last quarter. Jump Financial LLC increased its position in shares of Alamo Group by 44.5% during the first quarter. Jump Financial LLC now owns 8,419 shares of the industrial products company’s stock worth $1,500,000 after acquiring an additional 2,592 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Alamo Group by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 146,724 shares of the industrial products company’s stock worth $26,148,000 after acquiring an additional 5,679 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alamo Group

In related news, CEO Robert Paul Hureau bought 304 shares of the stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average price of $163.48 per share, for a total transaction of $49,697.92. Following the acquisition, the chief executive officer owned 12,046 shares in the company, valued at approximately $1,969,280.08. This represents a 2.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 1,058 shares of company stock worth $175,209. 1.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALG shares. Wall Street Zen lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research lowered Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Alamo Group in a research report on Monday, December 8th. Finally, DA Davidson cut their target price on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $222.33.

Alamo Group Trading Up 2.2%

NYSE:ALG opened at $177.80 on Friday. Alamo Group, Inc. has a 1 year low of $156.29 and a 1 year high of $233.29. The stock has a market cap of $2.15 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43. The stock has a 50-day simple moving average of $173.02 and a 200-day simple moving average of $199.07.

Alamo Group (NYSE:ALG) last issued its earnings results on Thursday, November 6th. The industrial products company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.27). The business had revenue of $420.04 million for the quarter, compared to analyst estimates of $407.55 million. Alamo Group had a return on equity of 11.11% and a net margin of 7.20%. As a group, analysts anticipate that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, October 15th. Alamo Group’s payout ratio is currently 12.45%.

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.