1,082 Shares in Alamo Group Inc. (NYSE:ALG) Purchased by Choreo LLC

Choreo LLC purchased a new position in Alamo Group Inc. (NYSE:ALG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,082 shares of the industrial products company’s stock, valued at approximately $201,000.

A number of other hedge funds have also bought and sold shares of the company. KBC Group NV grew its stake in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 189 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Alamo Group by 16.0% in the fourth quarter. Tributary Capital Management LLC now owns 116,584 shares of the industrial products company’s stock valued at $21,674,000 after acquiring an additional 16,093 shares during the period. Inspire Investing LLC boosted its stake in Alamo Group by 8.8% in the fourth quarter. Inspire Investing LLC now owns 5,360 shares of the industrial products company’s stock valued at $996,000 after acquiring an additional 435 shares during the period. Janney Montgomery Scott LLC boosted its stake in Alamo Group by 17.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,972 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 290 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Alamo Group in the fourth quarter valued at approximately $293,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Janet S. Pollock sold 257 shares of Alamo Group stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the sale, the vice president now owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com downgraded Alamo Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Robert W. Baird lifted their target price on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Alamo Group Stock Performance

ALG opened at $184.77 on Friday. The business’s 50 day moving average is $185.67 and its 200-day moving average is $183.34. The stock has a market cap of $2.23 billion, a PE ratio of 18.61 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. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $228.88.

Alamo Group Increases Dividend

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

Alamo Group Company 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.