Edward Rizzuti Sells 322 Shares of Alamo Group Inc. (NYSE:ALG) Stock

Alamo Group Inc. (NYSE:ALG) EVP Edward Rizzuti sold 322 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the transaction, the executive vice president now owns 7,765 shares in the company, valued at approximately $1,384,421.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Alamo Group Price Performance

ALG stock traded up $2.26 during midday trading on Wednesday, reaching $179.83. The company had a trading volume of 33,034 shares, compared to its average volume of 75,018. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 15.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.37 and a quick ratio of 2.49. Alamo Group Inc. has a 1-year low of $157.74 and a 1-year high of $231.40. The stock has a 50 day moving average price of $176.69 and a 200-day moving average price of $194.81.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.44). The firm had revenue of $416.30 million for the quarter. Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. During the same period in the previous year, the business posted $3.03 earnings per share. Equities research analysts expect that Alamo Group Inc. will post 12.3 earnings per share for the current year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Tuesday, July 16th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, July 16th. This represents a $1.04 dividend on an annualized basis and a yield of 0.58%. Alamo Group’s dividend payout ratio (DPR) is presently 9.25%.

Institutional Investors Weigh In On Alamo Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. grew its holdings in shares of Alamo Group by 73.4% in the first quarter. Contravisory Investment Management Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Alamo Group by 174.7% in the second quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 159 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alamo Group during the second quarter worth $48,000. Quarry LP bought a new position in shares of Alamo Group in the second quarter worth $48,000. Finally, Quest Partners LLC purchased a new position in shares of Alamo Group in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALG shares. DA Davidson lowered their price target on shares of Alamo Group from $225.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Robert W. Baird lowered their target price on shares of Alamo Group from $223.00 to $217.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, StockNews.com downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

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.