Alamo Group Inc. (NYSE:ALG) Shares Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. grew its position in Alamo Group Inc. (NYSE:ALG) by 30.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,666 shares of the industrial products company’s stock after buying an additional 1,091 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Alamo Group were worth $867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank raised its position in Alamo Group by 10.4% during the third quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 63 shares during the last quarter. Aurora Investment Counsel increased its stake in shares of Alamo Group by 1.5% during the 3rd quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock worth $1,034,000 after purchasing an additional 85 shares in the last quarter. FORA Capital LLC raised its position in shares of Alamo Group by 6.7% during the 3rd quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 88 shares during the last quarter. Tidal Investments LLC lifted its stake in Alamo Group by 3.8% in the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock valued at $557,000 after buying an additional 113 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings 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 valued at $32,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Buying and Selling

In other news, VP Janet S. Pollock sold 257 shares of the company’s stock in a transaction dated 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 owns 3,360 shares of the company’s stock, valued at $649,857.60. This represents a 7.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Alamo Group Stock Up 0.1 %

ALG stock opened at $188.54 on Friday. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88. The stock has a market capitalization of $2.27 billion, a P/E ratio of 18.99 and a beta of 1.10. The company has a 50 day moving average price of $185.04 and a two-hundred day moving average price of $183.43. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were paid a $0.30 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, January 16th. Alamo Group’s dividend payout ratio is presently 12.08%.

Wall Street Analysts Forecast Growth

ALG has been the subject of a number of analyst reports. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Robert W. Baird boosted their target price on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

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.