GHP Investment Advisors Inc. Acquires 900 Shares of Alamo Group Inc. (NYSE:ALG)

GHP Investment Advisors Inc. lifted its holdings in shares of Alamo Group Inc. (NYSE:ALG) by 8.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,152 shares of the industrial products company’s stock after purchasing an additional 900 shares during the period. GHP Investment Advisors Inc.’s holdings in Alamo Group were worth $2,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Alamo Group by 700.0% in 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 in the last quarter. JNBA Financial Advisors purchased a new position in shares of Alamo Group during the third quarter valued at about $37,000. KBC Group NV raised its stake in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock worth $97,000 after buying an additional 189 shares in the last quarter. Huntington National Bank lifted its holdings in Alamo Group by 10.4% in 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in Alamo Group by 192.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th. Robert W. Baird increased their price objective on Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 4th.

Insider Buying and Selling

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the sale, the vice president now directly owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

Alamo Group Trading Up 0.4 %

NYSE:ALG opened at $182.89 on Friday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 18.42 and a beta of 1.10. 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 one year low of $163.74 and a one year high of $231.40. The company’s 50-day simple moving average is $187.59 and its 200 day simple moving average is $183.56.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were given a $0.30 dividend. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Thursday, January 16th. Alamo Group’s payout ratio is currently 12.08%.

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.