First Horizon Advisors Inc. Decreases Stock Holdings in Alamo Group Inc. (NYSE:ALG)

First Horizon Advisors Inc. trimmed its position in shares of Alamo Group Inc. (NYSE:ALG) by 22.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 228 shares of the industrial products company’s stock after selling 65 shares during the period. First Horizon Advisors Inc.’s holdings in Alamo Group were worth $42,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of Alamo Group by 700.0% during 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 during the last quarter. JNBA Financial Advisors purchased a new stake in shares of Alamo Group during the third quarter valued at about $37,000. KBC Group NV lifted its position in shares of Alamo Group by 57.1% during the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after buying an additional 189 shares during the last quarter. Huntington National Bank lifted its position in shares of Alamo Group by 10.4% during the third quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after buying an additional 63 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Alamo Group by 192.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock valued at $146,000 after buying an additional 534 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the firm’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 transaction of $49,706.37. Following the completion of the transaction, the vice president now directly owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.

Alamo Group Stock Performance

Shares of Alamo Group stock opened at $184.04 on Friday. The firm has a market capitalization of $2.22 billion, a P/E ratio of 18.53 and a beta of 1.10. 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 company has a 50 day moving average price of $184.09 and a 200 day moving average price of $183.91. Alamo Group Inc. has a 52 week low of $163.74 and a 52 week high of $228.88.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. Sell-side analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, January 16th. 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 0.65%. Alamo Group’s dividend payout ratio (DPR) is currently 12.08%.

Analyst Ratings Changes

Several research firms have commented on ALG. Robert W. Baird increased their price target on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.