Entropy Technologies LP Buys New Position in Alamo Group Inc. (NYSE:ALG)

Entropy Technologies LP purchased a new stake in Alamo Group Inc. (NYSE:ALG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,218 shares of the industrial products company’s stock, valued at approximately $226,000.

Several other large investors have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. lifted its position in shares of Alamo Group by 8.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 11,152 shares of the industrial products company’s stock worth $2,073,000 after purchasing an additional 900 shares during the period. Choreo LLC purchased a new stake in Alamo Group in the fourth quarter worth about $201,000. KBC Group NV boosted its position in Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 189 shares in the last quarter. Tributary Capital Management LLC grew its holdings in shares of Alamo Group by 16.0% during the 4th quarter. Tributary Capital Management LLC now owns 116,584 shares of the industrial products company’s stock worth $21,674,000 after acquiring an additional 16,093 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Alamo Group by 8.8% in the 4th quarter. Inspire Investing LLC now owns 5,360 shares of the industrial products company’s stock worth $996,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ALG shares. Robert W. Baird lifted their price target on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Tuesday.

Alamo Group Price Performance

ALG stock opened at $185.23 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The firm has a 50 day moving average price of $186.11 and a 200-day moving average price of $183.44. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $228.88. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 18.65 and a beta of 1.10.

Alamo Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.30 per share. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. Alamo Group’s payout ratio is presently 12.08%.

Insiders Place Their Bets

In other news, VP Janet S. Pollock sold 257 shares of Alamo Group stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the transaction, the vice president now owns 3,360 shares of the company’s stock, valued at $649,857.60. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.