Alamo Group Inc. (NYSE:ALG) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Alamo Group Inc. (NYSE:ALG) by 63.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,405 shares of the industrial products company’s stock after buying an additional 1,718 shares during the quarter. Intech Investment Management LLC’s holdings in Alamo Group were worth $819,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 168 shares during the last quarter. KBC Group NV boosted its stake in shares of Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 189 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Alamo Group by 192.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock worth $146,000 after buying an additional 534 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alamo Group in the fourth quarter valued at approximately $200,000. Finally, Choreo LLC purchased a new position in shares of Alamo Group during the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Price Performance

ALG stock opened at $183.97 on Monday. The company has a market cap of $2.22 billion, a PE ratio of 18.53 and a beta of 1.10. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $184.30 and a two-hundred day moving average price of $184.44. Alamo Group Inc. has a 12-month low of $163.74 and a 12-month high of $228.88.

Alamo Group (NYSE:ALG) last issued its earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.16. The business had revenue of $385.32 million during the quarter, compared to analysts’ expectations of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. As a group, research analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were issued a dividend of $0.30 per share. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. Alamo Group’s payout ratio is presently 12.46%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. DA Davidson lowered their target price on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Industrial Alliance Securities set a $217.00 target price on Alamo Group in a research note on Monday, March 3rd. StockNews.com downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Baird R W cut Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Robert W. Baird lowered shares of Alamo Group from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $224.00 to $177.00 in a report on Friday, February 28th.

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.