OptiFour Integrated Wealth Management LLC grew its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,588 shares of the industrial products company’s stock after buying an additional 700 shares during the period. Alamo Group accounts for about 1.8% of OptiFour Integrated Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. OptiFour Integrated Wealth Management LLC owned about 0.17% of Alamo Group worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its stake in Alamo Group by 3,366.5% during the third quarter. Voya Investment Management LLC now owns 138,590 shares of the industrial products company’s stock valued at $16,315,000 after purchasing an additional 134,592 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Alamo Group during the 2nd quarter valued at about $4,409,000. Morgan Stanley lifted its holdings in shares of Alamo Group by 1,724.0% in the 2nd quarter. Morgan Stanley now owns 41,860 shares of the industrial products company’s stock valued at $4,183,000 after acquiring an additional 39,565 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Alamo Group by 8.2% in the 3rd quarter. GW&K Investment Management LLC now owns 271,947 shares of the industrial products company’s stock valued at $32,014,000 after acquiring an additional 20,699 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Alamo Group by 8.8% in the 2nd quarter. Northern Trust Corp now owns 231,000 shares of the industrial products company’s stock valued at $23,084,000 after acquiring an additional 18,747 shares during the last quarter. Hedge funds and other institutional investors own 94.43% of the company’s stock.

In other news, insider Weiss Gary sold 25,205,509 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1.18, for a total value of $29,742,500.62. Corporate insiders own 3.29% of the company’s stock.

ALG has been the topic of a number of recent research reports. ValuEngine downgraded Alamo Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Dougherty & Co downgraded Alamo Group from a “buy” rating to a “neutral” rating in a research report on Sunday, November 3rd. Finally, Zacks Investment Research lowered shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th.

Shares of ALG traded down $0.22 during midday trading on Thursday, hitting $127.66. The stock had a trading volume of 1,130 shares, compared to its average volume of 83,375. Alamo Group, Inc. has a 1 year low of $81.30 and a 1 year high of $129.93. The firm has a market cap of $1.49 billion, a PE ratio of 21.43 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.36 and a quick ratio of 2.65. The stock’s 50 day moving average is $120.98 and its 200 day moving average is $113.32.

Alamo Group (NYSE:ALG) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.34). Alamo Group had a net margin of 6.50% and a return on equity of 13.07%. The firm had revenue of $271.83 million during the quarter. As a group, equities research analysts expect that Alamo Group, Inc. will post 6.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.41%. This is an increase from Alamo Group’s previous quarterly dividend of $0.12. Alamo Group’s dividend payout ratio is currently 8.04%.

Alamo Group Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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.

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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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