Yousif Capital Management LLC Has $734,000 Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Yousif Capital Management LLC lessened its stake in shares of Alamo Group Inc. (NYSE:ALG) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,947 shares of the industrial products company’s stock after selling 106 shares during the quarter. Yousif Capital Management LLC’s holdings in Alamo Group were worth $734,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of Alamo Group by 10.4% during the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 63 shares during the last quarter. Aurora Investment Counsel grew its holdings in Alamo Group by 1.5% during the 3rd quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock worth $1,034,000 after acquiring an additional 85 shares during the last quarter. FORA Capital LLC grew its holdings in Alamo Group by 6.7% during the 3rd quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 88 shares during the last quarter. Tidal Investments LLC grew its holdings in Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 113 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Buying and Selling

In other news, VP Janet S. Pollock sold 257 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.

Alamo Group Stock Down 0.2 %

Shares of NYSE ALG opened at $184.77 on Friday. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a 52 week low of $163.74 and a 52 week high of $228.88. The firm’s fifty day moving average is $185.67 and its 200 day moving average is $183.34. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 18.61 and a beta of 1.10.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. Alamo Group’s dividend payout ratio (DPR) is currently 12.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

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.