Neumeier Poma Investment Counsel LLC Purchases 33,042 Shares of Alamo Group, Inc. $ALG

Neumeier Poma Investment Counsel LLC grew its holdings in Alamo Group, Inc. (NYSE:ALG) by 52.5% in the 3rd quarter, Holdings Channel reports. The fund owned 95,931 shares of the industrial products company’s stock after purchasing an additional 33,042 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in Alamo Group were worth $18,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Intech Investment Management LLC lifted its position in Alamo Group by 474.9% in the 3rd quarter. Intech Investment Management LLC now owns 41,245 shares of the industrial products company’s stock valued at $7,874,000 after acquiring an additional 34,071 shares in the last quarter. MAI Capital Management acquired a new stake in shares of Alamo Group in the 3rd quarter valued at about $73,000. King Luther Capital Management Corp raised its stake in shares of Alamo Group by 0.7% in the 3rd quarter. King Luther Capital Management Corp now owns 44,327 shares of the industrial products company’s stock valued at $8,462,000 after purchasing an additional 310 shares during the period. First National Bank of Omaha bought a new stake in shares of Alamo Group in the third quarter valued at about $606,000. Finally, Vanguard Group Inc. boosted its position in shares of Alamo Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 785,735 shares of the industrial products company’s stock worth $149,997,000 after buying an additional 9,571 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group Stock Down 0.8%

Alamo Group stock opened at $213.51 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.43 and a quick ratio of 2.72. The company’s 50-day moving average is $191.97 and its 200-day moving average is $189.61. The firm has a market capitalization of $2.59 billion, a PE ratio of 22.15, a P/E/G ratio of 1.20 and a beta of 1.13. Alamo Group, Inc. has a fifty-two week low of $156.29 and a fifty-two week high of $233.29.

Alamo Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were paid a $0.34 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, January 16th. Alamo Group’s dividend payout ratio is currently 14.11%.

Analyst Upgrades and Downgrades

ALG has been the subject of a number of recent research reports. Wall Street Zen downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. DA Davidson decreased their target price on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $222.33.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.