Shaker Investments LLC OH Acquires 1,148 Shares of Alamo Group Inc. (NYSE:ALG)

Shaker Investments LLC OH grew its holdings in shares of Alamo Group Inc. (NYSE:ALG) by 41.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,933 shares of the industrial products company’s stock after buying an additional 1,148 shares during the quarter. Shaker Investments LLC OH’s holdings in Alamo Group were worth $827,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Morgan Stanley boosted its position in Alamo Group by 277.8% during the fourth quarter. Morgan Stanley now owns 278,133 shares of the industrial products company’s stock valued at $39,384,000 after purchasing an additional 204,507 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Alamo Group by 42.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 399,190 shares of the industrial products company’s stock worth $83,906,000 after purchasing an additional 119,636 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Alamo Group by 8.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 678,420 shares of the industrial products company’s stock worth $96,065,000 after purchasing an additional 53,730 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Alamo Group by 317.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 59,710 shares of the industrial products company’s stock valued at $6,952,000 after buying an additional 45,416 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Alamo Group by 4.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 864,063 shares of the industrial products company’s stock valued at $100,603,000 after buying an additional 36,290 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group Stock Performance

Shares of ALG stock traded down $6.45 during trading on Friday, reaching $213.44. 48,665 shares of the company’s stock were exchanged, compared to its average volume of 70,239. Alamo Group Inc. has a twelve month low of $157.74 and a twelve month high of $231.40. The firm’s fifty day moving average price is $212.48 and its 200-day moving average price is $197.33. The company has a quick ratio of 1.99, a current ratio of 3.76 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $2.57 billion, a PE ratio of 18.79 and a beta of 1.04.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.63 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.22). The company had revenue of $417.54 million during the quarter. Alamo Group had a net margin of 8.06% and a return on equity of 15.52%. As a group, sell-side analysts anticipate that Alamo Group Inc. will post 13.17 EPS for the current year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be paid a $0.26 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. Alamo Group’s dividend payout ratio (DPR) is currently 9.15%.

Insider Buying and Selling at Alamo Group

In other news, EVP Michael A. Haberman sold 418 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $223.87, for a total transaction of $93,577.66. Following the transaction, the executive vice president now owns 19,206 shares in the company, valued at $4,299,647.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ALG has been the topic of several analyst reports. DA Davidson upped their price target on shares of Alamo Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th.

Alamo Group 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.