Rice Hall James & Associates LLC Has $3.41 Million Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Rice Hall James & Associates LLC reduced its stake in Alamo Group Inc. (NYSE:ALG) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,913 shares of the industrial products company’s stock after selling 139 shares during the period. Rice Hall James & Associates LLC owned 0.16% of Alamo Group worth $3,407,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares during the last quarter. Tributary Capital Management LLC boosted its position in shares of Alamo Group by 9.7% during the third quarter. Tributary Capital Management LLC now owns 100,491 shares of the industrial products company’s stock worth $18,101,000 after purchasing an additional 8,851 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Alamo Group by 128.7% during the third quarter. GHP Investment Advisors Inc. now owns 10,252 shares of the industrial products company’s stock worth $1,847,000 after purchasing an additional 5,769 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings 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 valued at $12,823,000 after buying an additional 66,698 shares during the period. Finally, Argent Capital Management LLC increased its position in shares of Alamo Group by 59.5% in the 3rd quarter. Argent Capital Management LLC now owns 3,055 shares of the industrial products company’s stock valued at $550,000 after buying an additional 1,140 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alamo Group

In other news, EVP Edward Rizzuti sold 322 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $178.29, for a total transaction of $57,409.38. Following the completion of the transaction, the executive vice president now directly owns 7,765 shares in the company, valued at $1,384,421.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $178.29, for a total transaction of $57,409.38. Following the sale, the executive vice president now owns 7,765 shares in the company, valued at approximately $1,384,421.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Hodges Raborn sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now directly owns 11,061 shares in the company, valued at $2,005,138.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALG. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. DA Davidson boosted their price objective on Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird lowered their target price on Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.

Alamo Group Stock Performance

Shares of Alamo Group stock opened at $187.78 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.37 and a quick ratio of 2.52. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 17.78 and a beta of 1.06. The stock’s 50-day moving average is $177.21 and its 200-day moving average is $182.15. Alamo Group Inc. has a one year low of $158.16 and a one year high of $231.40.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.44). The firm had revenue of $416.30 million for the quarter. Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. During the same period in the prior year, the business posted $3.03 earnings per share. Equities analysts predict that Alamo Group Inc. will post 10.23 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 15th. Alamo Group’s dividend payout ratio (DPR) is currently 9.85%.

Alamo Group 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.