Prescott Group Capital Management L.L.C. Invests $727,000 in Alamo Group Inc. (NYSE:ALG)

Prescott Group Capital Management L.L.C. acquired a new position in shares of Alamo Group Inc. (NYSE:ALG – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,132 shares of the industrial products company’s stock, valued at approximately $727,000.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Alamo Group by 1.6% during the 3rd quarter. BlackRock Inc. now owns 1,576,509 shares of the industrial products company’s stock worth $192,761,000 after acquiring an additional 24,565 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Alamo Group by 4.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 864,063 shares of the industrial products company’s stock worth $100,603,000 after acquiring an additional 36,290 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alamo Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 712,100 shares of the industrial products company’s stock worth $102,392,000 after purchasing an additional 5,874 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Alamo Group by 2.8% in the fourth quarter. Victory Capital Management Inc. now owns 685,079 shares of the industrial products company’s stock worth $97,007,000 after purchasing an additional 18,713 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Alamo Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 614,879 shares of the industrial products company’s stock worth $75,184,000 after purchasing an additional 3,346 shares during the last quarter. 91.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Edward Rizzuti sold 394 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $184.21, for a total value of $72,578.74. Following the completion of the transaction, the executive vice president now directly owns 5,433 shares of the company’s stock, valued at $1,000,812.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alamo Group news, EVP Edward Rizzuti sold 394 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $184.21, for a total transaction of $72,578.74. Following the completion of the transaction, the executive vice president now owns 5,433 shares of the company’s stock, valued at $1,000,812.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Janet S. Pollock sold 150 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $180.40, for a total transaction of $27,060.00. Following the transaction, the vice president now directly owns 2,606 shares of the company’s stock, valued at approximately $470,122.40. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ALG has been the subject of several recent research reports. DA Davidson raised shares of Alamo Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $173.00 to $196.00 in a research note on Thursday, March 16th. StockNews.com initiated coverage on shares of Alamo Group in a research note on Thursday, May 18th. They issued a “buy” rating for the company.

Alamo Group Trading Down 1.3 %

Shares of Alamo Group stock traded down $2.22 during trading on Friday, reaching $171.49. 11,548 shares of the stock were exchanged, compared to its average volume of 60,338. The company has a quick ratio of 2.36, a current ratio of 4.14 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $177.47 and its 200 day moving average is $162.73. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 17.76 and a beta of 0.98. Alamo Group Inc. has a 1 year low of $109.04 and a 1 year high of $186.37.

Alamo Group (NYSE:ALG – Get Rating) last posted its earnings results on Thursday, February 23rd. The industrial products company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.48. The company had revenue of $386.60 million during the quarter. Alamo Group had a net margin of 7.47% and a return on equity of 15.16%. As a group, equities research analysts expect that Alamo Group Inc. will post 11.03 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Monday, April 17th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, April 14th. Alamo Group’s payout ratio is currently 9.00%.

About Alamo Group

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Alamo Group, Inc engages in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, zero turn radius mowers, agricultural implements, and related aftermarket parts.