Alamo Group Inc. (NYSE:ALG) VP Janet S. Pollock Sells 257 Shares of Stock

Alamo Group Inc. (NYSE:ALG) VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the transaction, the vice president now directly owns 3,360 shares in the company, valued at $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Alamo Group Trading Down 0.0 %

Shares of ALG opened at $196.51 on Wednesday. Alamo Group Inc. has a one year low of $163.74 and a one year high of $231.40. The stock has a 50-day moving average price of $188.22 and a 200 day moving average price of $181.64. 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 company has a market capitalization of $2.37 billion, a P/E ratio of 19.79 and a beta of 1.10.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were given 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 currently 10.47%.

Institutional Trading of Alamo Group

Several institutional investors have recently added to or reduced their stakes in ALG. Creative Planning grew its holdings in Alamo Group by 33.2% during the 3rd quarter. Creative Planning now owns 2,004 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 499 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new position in shares of Alamo Group during the third quarter worth about $3,014,000. Renaissance Technologies LLC acquired a new position in Alamo Group in the second quarter worth about $4,290,000. Allspring Global Investments Holdings LLC increased its holdings in Alamo Group by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock valued at $115,626,000 after buying an additional 45,422 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Alamo Group by 366.0% in the second quarter. Squarepoint Ops LLC now owns 20,928 shares of the industrial products company’s stock valued at $3,621,000 after buying an additional 16,437 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. DA Davidson lifted their price target on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th.

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.