Alamo Group Inc. (NYSE:ALG) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Alamo Group Inc. (NYSE:ALG) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 241,311 shares of the industrial products company’s stock after selling 81,112 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 2.00% of Alamo Group worth $44,862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ALG. Wellington Management Group LLP acquired a new position in Alamo Group during the 3rd quarter valued at about $35,759,000. Assenagon Asset Management S.A. boosted its holdings in shares of Alamo Group by 1,486.1% in the third quarter. Assenagon Asset Management S.A. now owns 71,186 shares of the industrial products company’s stock valued at $12,823,000 after acquiring an additional 66,698 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Alamo Group by 7.6% during the third 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. raised its holdings 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 purchasing an additional 28,786 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position 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. 92.36% of the stock is currently owned by institutional investors.

Insider Activity

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the sale, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Alamo Group Trading Up 0.9 %

Alamo Group stock opened at $184.98 on Friday. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $231.40. The firm’s 50 day moving average price is $187.00 and its two-hundred day moving average price is $183.55. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 18.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were given a dividend of $0.30 per share. The ex-dividend date 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 dividend yield of 0.65%. Alamo Group’s payout ratio is 12.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com downgraded Alamo Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. Robert W. Baird boosted their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th.

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.