Dimensional Fund Advisors LP Lowers Holdings in Alamo Group Inc. (NYSE:ALG)

Dimensional Fund Advisors LP decreased its holdings in Alamo Group Inc. (NYSE:ALG) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 606,311 shares of the industrial products company’s stock after selling 2,715 shares during the quarter. Dimensional Fund Advisors LP owned 5.03% of Alamo Group worth $104,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd boosted its stake in shares of Alamo Group by 62.4% in the fourth quarter. Quadrature Capital Ltd now owns 19,021 shares of the industrial products company’s stock valued at $4,002,000 after purchasing an additional 7,311 shares during the period. RK Capital Management LLC boosted its stake in shares of Alamo Group by 81.2% in the fourth quarter. RK Capital Management LLC now owns 54,260 shares of the industrial products company’s stock valued at $11,405,000 after purchasing an additional 24,310 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Alamo Group in the first quarter valued at approximately $1,067,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Alamo Group by 16.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company’s stock valued at $64,518,000 after purchasing an additional 52,250 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Alamo Group by 42.4% in the first quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company’s stock valued at $39,346,000 after purchasing an additional 51,292 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Transactions at Alamo Group

In other news, EVP Richard Hodges Raborn sold 300 shares of Alamo Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now directly owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the transaction, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at approximately $1,384,421.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Hodges Raborn sold 300 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total transaction of $54,384.00. Following the sale, the executive vice president now owns 11,061 shares in the company, valued at $2,005,138.08. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Alamo Group Stock Down 0.5 %

Shares of NYSE:ALG opened at $180.27 on Tuesday. The company has a market capitalization of $2.17 billion, a PE ratio of 16.04 and a beta of 1.07. The company has a current ratio of 4.37, a quick ratio of 2.52 and a debt-to-equity ratio of 0.28. Alamo Group Inc. has a twelve month low of $157.74 and a twelve month high of $231.40. The firm has a 50 day simple moving average of $180.12 and a 200-day simple moving average of $189.47.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.44). The company had revenue of $416.30 million for the quarter. Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. During the same period in the previous year, the company earned $3.03 EPS. On average, equities analysts predict that Alamo Group Inc. will post 10.23 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Tuesday, July 16th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $1.04 annualized dividend and a dividend yield of 0.58%. Alamo Group’s dividend payout ratio is presently 9.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALG shares. Robert W. Baird decreased their price target on shares of Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. DA Davidson lifted their price target on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

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.