North Star Investment Management Corp. cut its holdings in Alamo Group, Inc. (NYSE:ALG) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,040 shares of the industrial products company’s stock after selling 4,999 shares during the quarter. North Star Investment Management Corp.’s holdings in Alamo Group were worth $2,149,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its stake in Alamo Group by 150.1% in the second quarter. Acrospire Investment Management LLC now owns 1,173 shares of the industrial products company’s stock valued at $107,000 after buying an additional 704 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Alamo Group in the third quarter valued at about $111,000. Pinebridge Investments L.P. raised its stake in Alamo Group by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 1,248 shares of the industrial products company’s stock valued at $113,000 after buying an additional 17 shares during the last quarter. King Luther Capital Management Corp purchased a new stake in Alamo Group in the second quarter valued at about $210,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Alamo Group in the third quarter valued at about $210,000. Institutional investors own 92.45% of the company’s stock.

Alamo Group, Inc. (ALG) opened at $113.62 on Friday. The company has a quick ratio of 2.85, a current ratio of 4.48 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1,320.00, a PE ratio of 27.25 and a beta of 0.96. Alamo Group, Inc. has a 1-year low of $70.53 and a 1-year high of $119.58.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.16. The business had revenue of $240.46 million for the quarter, compared to analyst estimates of $223.40 million. Alamo Group had a return on equity of 15.31% and a net margin of 6.90%. sell-side analysts anticipate that Alamo Group, Inc. will post 4.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 16th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, January 12th. This is a positive change from Alamo Group’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.39%. Alamo Group’s dividend payout ratio is currently 9.59%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Alamo Group from a “sell” rating to a “strong-buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, November 7th. ValuEngine raised Alamo Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Piper Jaffray Companies set a $104.00 price objective on Alamo Group and gave the company a “buy” rating in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $105.00.

In other news, EVP Richard Hodges Raborn sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $111.53, for a total value of $223,060.00. Following the transaction, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at $501,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.99% of the stock is currently owned by corporate insiders.

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Alamo Group Profile

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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