Rice Hall James & Associates LLC Sells 139 Shares of Alamo Group Inc. (NYSE:ALG)

Rice Hall James & Associates LLC lowered its stake in Alamo Group Inc. (NYSE:ALG) by 0.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,913 shares of the industrial products company’s stock after selling 139 shares during the period. Rice Hall James & Associates LLC’s holdings in Alamo Group were worth $3,407,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in shares of Alamo Group by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Alamo Group by 174.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 159 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alamo Group during the second quarter worth approximately $48,000. Quarry LP acquired a new stake in shares of Alamo Group in the second quarter valued at approximately $48,000. Finally, nVerses Capital LLC acquired a new stake in shares of Alamo Group in the second quarter valued at approximately $52,000. 92.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Edward Rizzuti sold 322 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the sale, the executive vice president now directly owns 7,765 shares in the company, valued at approximately $1,384,421.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Richard Hodges Raborn sold 300 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total transaction of $54,384.00. Following the sale, the executive vice president now owns 11,061 shares in the company, valued at $2,005,138.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Edward Rizzuti sold 322 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the transaction, the executive vice president now owns 7,765 shares of the company’s stock, valued at $1,384,421.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Alamo Group Stock Performance

Shares of NYSE:ALG opened at $187.78 on Friday. Alamo Group Inc. has a 1 year low of $158.16 and a 1 year high of $231.40. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 17.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.37 and a quick ratio of 2.52. The company’s 50 day simple moving average is $177.21 and its 200 day simple moving average is $182.15.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.44). Alamo Group had a net margin of 7.56% and a return on equity of 13.51%. The business had revenue of $416.30 million during the quarter. During the same quarter last year, the firm posted $3.03 EPS. As a group, research analysts predict that Alamo Group Inc. will post 10.23 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 15th. Alamo Group’s dividend payout ratio is presently 9.85%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ALG shares. StockNews.com downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. DA Davidson increased their target price on Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird dropped their price target on Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.

About Alamo Group

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.