Victory Capital Management Inc. Has $74.83 Million Holdings in Alamo Group Inc. (NYSE:ALG)

Victory Capital Management Inc. boosted its position in Alamo Group Inc. (NYSE:ALG) by 7.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 415,424 shares of the industrial products company’s stock after acquiring an additional 28,786 shares during the quarter. Victory Capital Management Inc.’s holdings in Alamo Group were worth $74,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake 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 valued at $32,000 after buying an additional 154 shares during the last quarter. JNBA Financial Advisors acquired a new position in Alamo Group in the 3rd quarter valued at $37,000. First Horizon Advisors Inc. grew its stake in Alamo Group by 174.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock valued at $43,000 after buying an additional 159 shares during the last quarter. Quarry LP acquired a new position in Alamo Group in the 2nd quarter valued at $48,000. Finally, Bessemer Group Inc. grew its stake in Alamo Group by 1,885.7% in the 1st quarter. Bessemer Group Inc. now owns 278 shares of the industrial products company’s stock valued at $63,000 after buying an additional 264 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alamo Group

In other news, EVP Richard Hodges Raborn sold 300 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the transaction, the executive vice president now directly owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Richard Hodges Raborn sold 300 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the transaction, the executive vice president now directly owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Rizzuti sold 276 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the transaction, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at $1,653,031.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 898 shares of company stock valued at $165,856. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ALG. DA Davidson raised their target price on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird increased their price target on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

Alamo Group Price Performance

Shares of Alamo Group stock opened at $195.52 on Thursday. 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 fifty-two week low of $163.74 and a fifty-two week high of $231.40. The firm has a fifty day moving average price of $178.52 and a two-hundred day moving average price of $181.26. The company has a market cap of $2.36 billion, a PE ratio of 19.69 and a beta of 1.08.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, October 15th. Alamo Group’s payout ratio is 10.47%.

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.