Tributary Capital Management LLC Purchases 16,093 Shares of Alamo Group Inc. (NYSE:ALG)

Tributary Capital Management LLC boosted its position in Alamo Group Inc. (NYSE:ALG) by 16.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 116,584 shares of the industrial products company’s stock after acquiring an additional 16,093 shares during the period. Alamo Group accounts for approximately 1.7% of Tributary Capital Management LLC’s portfolio, making the stock its 27th largest holding. Tributary Capital Management LLC owned approximately 0.97% of Alamo Group worth $21,674,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Alamo Group by 33.2% during the 3rd quarter. Creative Planning now owns 2,004 shares of the industrial products company’s stock valued at $361,000 after buying an additional 499 shares in the last quarter. Advantage Alpha Capital Partners LP purchased a new stake in shares of Alamo Group during the third quarter worth $3,014,000. Renaissance Technologies LLC purchased a new position in shares of Alamo Group in the second quarter valued at $4,290,000. Barclays PLC raised its stake in shares of Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock valued at $4,039,000 after purchasing an additional 15,061 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Alamo Group by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company’s stock worth $13,790,000 after purchasing an additional 9,710 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Trading Up 0.6 %

Shares of Alamo Group stock opened at $185.40 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $231.40. The firm has a market cap of $2.24 billion, a PE ratio of 18.67 and a beta of 1.11. The company has a 50 day simple moving average of $189.43 and a two-hundred day simple moving average of $182.87.

Alamo Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, January 16th will be given a $0.30 dividend. The ex-dividend date is Thursday, January 16th. 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 0.65%. Alamo Group’s payout ratio is 12.08%.

Analyst Ratings Changes

ALG has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. StockNews.com upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insider Buying and Selling at Alamo Group

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

About Alamo Group

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.