Janus Henderson Group PLC Buys 435 Shares of Alamo Group Inc. (NYSE:ALG)

Janus Henderson Group PLC increased its stake in shares of Alamo Group Inc. (NYSE:ALG) by 0.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 175,508 shares of the industrial products company’s stock after acquiring an additional 435 shares during the period. Janus Henderson Group PLC’s holdings in Alamo Group were worth $32,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Alamo Group by 442.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock worth $38,000 after buying an additional 168 shares during the period. KBC Group NV lifted its position in shares of Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock worth $97,000 after buying an additional 189 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Alamo Group by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company’s stock worth $199,000 after buying an additional 69 shares during the period. Raymond James Financial Inc. bought a new position in shares of Alamo Group during the 4th quarter worth approximately $200,000. Finally, Choreo LLC bought a new position in shares of Alamo Group during the 4th quarter worth approximately $201,000. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALG. Baird R W lowered Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. DA Davidson reduced their price objective on Alamo Group from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. StockNews.com raised Alamo Group from a “hold” rating to a “buy” rating in a research note on Monday. Robert W. Baird lowered Alamo Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Finally, Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a research note on Monday, March 3rd.

Alamo Group Price Performance

Alamo Group stock opened at $201.05 on Thursday. The firm has a market cap of $2.43 billion, a P/E ratio of 20.25 and a beta of 1.02. Alamo Group Inc. has a 52 week low of $157.07 and a 52 week high of $205.62. 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 business’s fifty day moving average is $176.91 and its two-hundred day moving average is $183.80.

Alamo Group (NYSE:ALG) last released its earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.32. The company had revenue of $390.95 million during the quarter, compared to the consensus estimate of $391.08 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. Equities research analysts forecast that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.60%. Alamo Group’s payout ratio is currently 12.50%.

Alamo Group Company 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.