Vaughan Nelson Investment Management L.P. Makes New $39.21 Million Investment in Alamo Group, Inc. $ALG

Vaughan Nelson Investment Management L.P. acquired a new stake in Alamo Group, Inc. (NYSE:ALG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 233,590 shares of the industrial products company’s stock, valued at approximately $39,213,000. Vaughan Nelson Investment Management L.P. owned about 1.93% of Alamo Group at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Alamo Group by 1.2% in the third quarter. Vanguard Group Inc. now owns 785,735 shares of the industrial products company’s stock worth $149,997,000 after acquiring an additional 9,571 shares in the last quarter. First Trust Advisors LP grew its stake in Alamo Group by 2.4% during the 3rd quarter. First Trust Advisors LP now owns 393,487 shares of the industrial products company’s stock valued at $75,117,000 after purchasing an additional 9,297 shares in the last quarter. Wasatch Advisors LP increased its holdings in Alamo Group by 38.5% during the 3rd quarter. Wasatch Advisors LP now owns 326,051 shares of the industrial products company’s stock worth $62,243,000 after purchasing an additional 90,556 shares during the last quarter. American Century Companies Inc. increased its holdings in Alamo Group by 49.9% during the 3rd quarter. American Century Companies Inc. now owns 230,351 shares of the industrial products company’s stock worth $43,974,000 after purchasing an additional 76,631 shares during the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of Alamo Group by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock valued at $38,895,000 after purchasing an additional 97,898 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group Trading Down 1.4%

NYSE:ALG opened at $164.68 on Tuesday. The company has a market cap of $2.00 billion, a PE ratio of 19.17, a P/E/G ratio of 1.01 and a beta of 1.10. The business’s 50 day moving average is $190.25 and its two-hundred day moving average is $182.89. The company has a quick ratio of 2.82, a current ratio of 4.57 and a debt-to-equity ratio of 0.17. Alamo Group, Inc. has a 52 week low of $156.29 and a 52 week high of $233.29.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Monday, March 2nd. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.36). The firm had revenue of $373.65 million for the quarter, compared to the consensus estimate of $405.18 million. Alamo Group had a return on equity of 10.04% and a net margin of 6.47%. On average, analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were paid a $0.34 dividend. The ex-dividend date was Friday, January 16th. This is an increase from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Alamo Group’s payout ratio is presently 15.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a research note on Friday. William Blair began coverage on shares of Alamo Group in a report on Monday, March 16th. They issued an “outperform” rating on the stock. CJS Securities upgraded shares of Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research lowered shares of Alamo Group from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Finally, DA Davidson reissued a “neutral” rating and issued a $190.00 target price on shares of Alamo Group in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Insider Activity

In other news, EVP Edward Rizzuti sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $170.93, for a total transaction of $102,558.00. Following the completion of the transaction, the executive vice president directly owned 10,857 shares in the company, valued at approximately $1,855,787.01. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nina C. Grooms sold 499 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $175.19, for a total transaction of $87,419.81. Following the sale, the director owned 2,844 shares in the company, valued at $498,240.36. This trade represents a 14.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.06% of the company’s stock.

Alamo Group Company Profile

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.