2 weeks Ago By Defense World Staff
LPL Financial LLC lessened its stake in Alamo Group Inc. ( NYSE:ALG – Free Report ) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The firm owned 3,134 shares of the industrial products company’s stock after selling 172 shares during the quarter. LPL Financial LLC’s holdings in Alamo Group were worth $583,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALG.
Allspring Global Investments Holdings LLC increased its stake in shares of Alamo Group by 4.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company’s stock worth $121,205,000 after acquiring an additional 30,826 shares during the last quarter.
Victory Capital Management Inc. grew its stake in Alamo Group by 8.0% in the fourth quarter.
Victory Capital Management Inc. now owns 448,718 shares of the industrial products company’s stock valued at $83,421,000 after purchasing an additional 33,294 shares in the last quarter. Geode Capital Management LLC increased its position in Alamo Group by 0.
3% in the 3rd quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company’s stock worth $41,834,000 after purchasing an additional 670 shares during the last quarter. Charles Schwab Investment Management Inc.
raised its stake in shares of Alamo Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 141,045 shares of the industrial products company’s stock worth $26,222,000 after purchasing an additional 6,666 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of Alamo Group by 16.0% during the 4th quarter.
Tributary Capital Management LLC now owns 116,584 shares of the industrial products company’s stock valued at $21,674,000 after buying an additional 16,093 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.
Analyst Ratings Changes A number of equities analysts recently commented on the company. DA Davidson dropped their price objective on Alamo Group from $217.00 to $195.
00 and set a “buy” rating on the stock in a report on Monday. Baird R W lowered shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Robert W.
Baird lowered shares of Alamo Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $224.00 to $177.00 in a research note on Friday, February 28th.
StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Industrial Alliance Securities set a $217.
00 target price on Alamo Group in a report on Monday, March 3rd. Alamo Group Trading Up 1.6 % Shares of ALG stock opened at $168.
41 on Thursday. Alamo Group Inc. has a 12 month low of $157.
07 and a 12 month high of $205.92. The company has a market cap of $2.
04 billion, a PE ratio of 16.96 and a beta of 1.00.
The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.
21. The business’s 50 day moving average is $178.39 and its two-hundred day moving average is $183.
42. Alamo Group ( NYSE:ALG – Get Free Report ) last posted its earnings results on Thursday, February 27th. The industrial products company reported $2.
39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.16.
The business had revenue of $385.32 million for the quarter, compared to analyst estimates of $396.85 million.
Alamo Group had a net margin of 7.19% and a return on equity of 12.41%.
Equities analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.
Alamo Group Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th will be given a dividend of $0.30 per share.
The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.
71%. Alamo Group’s dividend payout ratio is presently 12.46%.
Alamo Group Profile ( Free Report ) 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.
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