Neumeier Poma Investment Counsel LLC Sells 10,761 Shares of Alamo Group Inc. (NYSE:ALG)

Neumeier Poma Investment Counsel LLC decreased its stake in shares of Alamo Group Inc. (NYSE:ALG) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,366 shares of the industrial products company’s stock after selling 10,761 shares during the period. Neumeier Poma Investment Counsel LLC owned approximately 0.71% of Alamo Group worth $15,870,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. EntryPoint Capital LLC raised its position in Alamo Group by 115.9% during the fourth quarter. EntryPoint Capital LLC now owns 2,520 shares of the industrial products company’s stock worth $468,000 after acquiring an additional 1,353 shares in the last quarter. Vanguard Group Inc. grew its holdings in Alamo Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 721,154 shares of the industrial products company’s stock worth $134,070,000 after purchasing an additional 2,361 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Alamo Group during the fourth quarter worth approximately $372,000. Sei Investments Co. raised its stake in Alamo Group by 20.7% in the fourth quarter. Sei Investments Co. now owns 20,539 shares of the industrial products company’s stock valued at $3,819,000 after buying an additional 3,517 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Alamo Group by 54.6% in the fourth quarter. American Century Companies Inc. now owns 13,918 shares of the industrial products company’s stock valued at $2,587,000 after buying an additional 4,918 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Stock Down 0.1 %

ALG opened at $187.02 on Thursday. The stock has a fifty day moving average of $184.86 and a 200-day moving average of $184.68. The company has a market capitalization of $2.26 billion, a P/E ratio of 18.83 and a beta of 1.10. Alamo Group Inc. has a fifty-two week low of $163.74 and a fifty-two week high of $228.88. 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 (NYSE:ALG) last issued its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The business had revenue of $385.32 million during the quarter, compared to analysts’ expectations of $396.85 million. On average, equities analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The business also recently declared 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 boost from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, January 16th. Alamo Group’s payout ratio is 12.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. DA Davidson dropped their price objective on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Baird R W cut shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Robert W. Baird lowered shares of Alamo Group from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $224.00 to $177.00 in a research note on Friday, February 28th. Finally, Industrial Alliance Securities set a $217.00 price objective on shares of Alamo Group in a research report on Monday, March 3rd.

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.