Inspire Investing LLC Grows Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Inspire Investing LLC boosted its holdings in Alamo Group Inc. (NYSE:ALG) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,360 shares of the industrial products company’s stock after buying an additional 435 shares during the quarter. Inspire Investing LLC’s holdings in Alamo Group were worth $996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of Alamo Group by 50.5% in the 2nd quarter. American Century Companies Inc. now owns 7,512 shares of the industrial products company’s stock valued at $1,300,000 after acquiring an additional 2,521 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Alamo Group by 126.9% in the second quarter. Envestnet Asset Management Inc. now owns 20,035 shares of the industrial products company’s stock valued at $3,466,000 after purchasing an additional 11,206 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Alamo Group in the second quarter valued at approximately $4,290,000. Sei Investments Co. raised its holdings in Alamo Group by 34.9% during the second quarter. Sei Investments Co. now owns 16,594 shares of the industrial products company’s stock worth $2,872,000 after purchasing an additional 4,294 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Alamo Group by 7.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 22,762 shares of the industrial products company’s stock worth $3,938,000 after buying an additional 1,579 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ALG. Robert W. Baird increased their target price 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 Alamo Group from a “hold” rating to a “buy” rating in a report on Wednesday.

Alamo Group Price Performance

Shares of NYSE ALG opened at $184.13 on Friday. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.22 billion, a P/E ratio of 18.54 and a beta of 1.11. The stock has a 50 day moving average of $189.61 and a two-hundred day moving average of $182.87. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $231.40.

Alamo Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, January 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. Alamo Group’s dividend payout ratio is currently 12.08%.

Insiders Place Their Bets

In other news, VP Janet S. Pollock sold 257 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the sale, the vice president now owns 3,360 shares in the company, valued at $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the transaction, the executive vice president now owns 8,439 shares in the company, valued at approximately $1,653,031.32. This trade represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.