Dynamic Technology Lab Private Ltd Sells 1,775 Shares of Alamo Group Inc. (NYSE:ALG)

Dynamic Technology Lab Private Ltd lessened its holdings in Alamo Group Inc. (NYSE:ALG) by 20.2% in the 3rd quarter, Holdings Channel reports. The firm owned 7,015 shares of the industrial products company’s stock after selling 1,775 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Alamo Group were worth $1,263,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ALG. Allspring Global Investments Holdings LLC lifted its position in shares of Alamo Group by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock worth $115,626,000 after buying an additional 45,422 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Alamo Group by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company’s stock valued at $74,830,000 after acquiring an additional 28,786 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Alamo Group by 16.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company’s stock worth $64,518,000 after purchasing an additional 52,250 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Alamo Group by 17.1% during the second quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company’s stock worth $59,635,000 after purchasing an additional 50,327 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Alamo Group by 42.4% during the first quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company’s stock valued at $39,346,000 after purchasing an additional 51,292 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Alamo Group Stock Down 2.4 %

Shares of ALG stock opened at $197.75 on Wednesday. Alamo Group Inc. has a 12 month low of $163.74 and a 12 month high of $231.40. 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 firm has a market cap of $2.38 billion, a PE ratio of 19.91 and a beta of 1.08. The stock has a 50 day moving average of $182.64 and a 200-day moving average of $181.26.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s dividend payout ratio (DPR) is presently 10.47%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. DA Davidson upped their price target on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, August 28th.

Insiders Place Their Bets

In other Alamo Group news, EVP Edward Rizzuti sold 276 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total value of $54,062.88. Following the completion of the transaction, the executive vice president now owns 8,439 shares of the company’s stock, valued at $1,653,031.32. This represents a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.

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.