Uncommon Cents Investing LLC Sells 115 Shares of Alamo Group Inc. (NYSE:ALG)

Uncommon Cents Investing LLC trimmed its position in shares of Alamo Group Inc. (NYSE:ALG) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,135 shares of the industrial products company’s stock after selling 115 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Alamo Group were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ALG. Heritage Family Offices LLP purchased a new stake in Alamo Group during the fourth quarter valued at $233,000. Argent Capital Management LLC increased its position in shares of Alamo Group by 38.8% during the 4th quarter. Argent Capital Management LLC now owns 4,239 shares of the industrial products company’s stock valued at $788,000 after purchasing an additional 1,184 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Alamo Group by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 46,735 shares of the industrial products company’s stock worth $8,689,000 after purchasing an additional 286 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Alamo Group by 14.5% in 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 during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Alamo Group by 3.8% in the third quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock worth $557,000 after buying an additional 113 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Alamo Group Stock Performance

NYSE:ALG opened at $182.46 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The stock has a 50-day simple moving average of $190.26 and a two-hundred day simple moving average of $182.62. The firm has a market capitalization of $2.20 billion, a PE ratio of 18.38 and a beta of 1.11. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $231.40.

Alamo Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, January 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, January 16th. This is an increase 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%. Alamo Group’s payout ratio is 12.08%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Separately, 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 research report on Monday, November 4th.

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.