Alamo Group Inc. (NYSE:ALG) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Alamo Group Inc. (NYSE:ALG) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,379 shares of the industrial products company’s stock after purchasing an additional 7,203 shares during the period. Charles Schwab Investment Management Inc. owned 1.11% of Alamo Group worth $24,206,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Arizona State Retirement System increased its position in Alamo Group by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 3,034 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 63 shares during the period. Huntington National Bank increased its position in Alamo Group by 10.4% in the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 63 shares during the period. Aurora Investment Counsel increased its position in Alamo Group by 1.5% in the 3rd quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock valued at $1,034,000 after acquiring an additional 85 shares during the period. Diversified Trust Co increased its position in Alamo Group by 6.7% in the 2nd quarter. Diversified Trust Co now owns 1,548 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 97 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Alamo Group by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,200 shares of the industrial products company’s stock valued at $900,000 after acquiring an additional 100 shares during the period. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Down 2.2 %

Shares of ALG stock opened at $195.91 on Friday. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $231.40. The stock has a market cap of $2.36 billion, a PE ratio of 19.73 and a beta of 1.10. The business’s fifty day moving average is $185.13 and its 200-day moving average is $181.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, October 15th. Alamo Group’s payout ratio is 10.47%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird raised their target price on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. DA Davidson lifted their price target on Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th.

Insider Buying and Selling

In related news, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total value of $54,062.88. Following the transaction, the executive vice president now directly owns 8,439 shares in the company, valued at $1,653,031.32. The trade was a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

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.