1,254 Shares in Alamo Group Inc. (NYSE:ALG) Acquired by Heritage Family Offices LLP

Heritage Family Offices LLP acquired a new stake in shares of Alamo Group Inc. (NYSE:ALG) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,254 shares of the industrial products company’s stock, valued at approximately $233,000.

Several other large investors have also made changes to their positions in the business. Nisa Investment Advisors LLC grew its position 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 worth $32,000 after purchasing an additional 154 shares during the period. JNBA Financial Advisors purchased a new position in shares of Alamo Group during the 3rd quarter valued at approximately $37,000. Quarry LP purchased a new position in shares of Alamo Group during the 2nd quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alamo Group in the 2nd quarter valued at $48,000. Finally, Huntington National Bank boosted its holdings 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 buying an additional 63 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their price objective 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 Stock Performance

NYSE:ALG opened at $181.41 on Friday. The stock has a market capitalization of $2.19 billion, a PE ratio of 18.27 and a beta of 1.11. The company has a fifty day moving average of $190.52 and a two-hundred day moving average of $182.32. 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 Inc. has a fifty-two week low of $163.74 and a fifty-two week high of $231.40.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, January 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.66%. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 16th. Alamo Group’s payout ratio is presently 10.47%.

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.