Uncommon Cents Investing LLC Trims Stake in Alamo Group Inc. (NYSE:ALG)

Uncommon Cents Investing LLC lowered its position in Alamo Group Inc. (NYSE:ALG) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,135 shares of the industrial products company’s stock after selling 115 shares during the period. Uncommon Cents Investing LLC owned 0.06% of Alamo Group worth $1,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in shares of Alamo Group during the 3rd quarter valued at $35,759,000. Assenagon Asset Management S.A. increased its stake in shares of Alamo Group by 1,486.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 71,186 shares of the industrial products company’s stock worth $12,823,000 after acquiring an additional 66,698 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Alamo Group by 7.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock valued at $115,626,000 after acquiring an additional 45,422 shares during the period. Victory Capital Management Inc. boosted its stake in Alamo Group by 7.4% during the third quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company’s stock worth $74,830,000 after acquiring an additional 28,786 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Alamo Group by 152.5% in the third quarter. Harbor Capital Advisors Inc. now owns 46,449 shares of the industrial products company’s stock worth $8,367,000 after purchasing an additional 28,054 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insiders Place Their Bets

In related news, VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the transaction, the vice president now directly owns 3,360 shares in the company, valued at $649,857.60. The trade was a 7.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward Rizzuti sold 276 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total value of $54,062.88. Following the sale, the executive vice president now owns 8,439 shares in the company, valued at approximately $1,653,031.32. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Alamo Group Price Performance

Shares of NYSE:ALG opened at $182.46 on Monday. The business has a fifty day moving average price of $190.26 and a 200-day moving average price of $182.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The company has a market capitalization of $2.20 billion, a PE ratio of 18.38 and a beta of 1.11. Alamo Group Inc. has a 1-year low of $163.74 and a 1-year high of $231.40.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.30 per share. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, January 16th. Alamo Group’s dividend payout ratio (DPR) is currently 12.08%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted their target price on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

About Alamo Group

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.