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

Choreo LLC bought a new position in shares of Alamo Group Inc. (NYSE:ALG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,082 shares of the industrial products company’s stock, valued at approximately $201,000.

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

Insiders Place Their Bets

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

Alamo Group Trading Down 0.2 %

NYSE ALG opened at $184.77 on Friday. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $228.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 18.61 and a beta of 1.10. The firm’s 50 day moving average price is $185.67 and its two-hundred day moving average price is $183.34.

Alamo Group Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird upped their price target on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

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.