Hudson Edge Investment Partners Inc. Sells 107 Shares of Alamo Group Inc. (NYSE:ALG)

Hudson Edge Investment Partners Inc. trimmed its position in Alamo Group Inc. (NYSE:ALG) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,151 shares of the industrial products company’s stock after selling 107 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Alamo Group were worth $662,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Private Advisory Group LLC lifted its stake in shares of Alamo Group by 2.6% in the 3rd quarter. Private Advisory Group LLC now owns 3,165 shares of the industrial products company’s stock valued at $547,000 after acquiring an additional 79 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Alamo Group by 2.9% in the fourth quarter. Yousif Capital Management LLC now owns 5,267 shares of the industrial products company’s stock valued at $1,107,000 after purchasing an additional 147 shares during the period. Barclays PLC increased its holdings in Alamo Group by 1.4% in the third quarter. Barclays PLC now owns 12,002 shares of the industrial products company’s stock valued at $2,075,000 after purchasing an additional 163 shares during the period. Quest Partners LLC acquired a new stake in Alamo Group during the 4th quarter worth about $52,000. Finally, Swiss National Bank grew its holdings in Alamo Group by 1.3% during the 3rd quarter. Swiss National Bank now owns 23,800 shares of the industrial products company’s stock worth $4,114,000 after acquiring an additional 300 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alamo Group

In other Alamo Group news, EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $223.87, for a total transaction of $93,577.66. Following the completion of the transaction, the executive vice president now owns 19,206 shares in the company, valued at approximately $4,299,647.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ALG shares. DA Davidson decreased their price target on Alamo Group from $235.00 to $225.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. StockNews.com downgraded Alamo Group from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

Alamo Group Stock Down 1.7 %

Alamo Group stock traded down $3.25 during midday trading on Monday, reaching $186.75. The stock had a trading volume of 42,207 shares, compared to its average volume of 68,393. Alamo Group Inc. has a 12 month low of $157.74 and a 12 month high of $231.40. The company has a market capitalization of $2.25 billion, a P/E ratio of 16.57 and a beta of 1.05. The company has a fifty day moving average price of $204.13 and a two-hundred day moving average price of $203.84. The company has a current ratio of 4.29, a quick ratio of 2.49 and a debt-to-equity ratio of 0.32.

Alamo Group (NYSE:ALG) last issued its earnings results on Friday, May 3rd. The industrial products company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.01. Alamo Group had a return on equity of 14.82% and a net margin of 7.92%. The business had revenue of $425.59 million during the quarter. During the same period in the previous year, the firm earned $2.79 earnings per share. As a group, equities analysts expect that Alamo Group Inc. will post 12.3 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.04 dividend on an annualized basis and a yield of 0.56%. Alamo Group’s dividend payout ratio (DPR) is currently 9.25%.

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.