Alamo Group (NYSE:ALG) EVP Sells $446,373.15 in Stock

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,715 shares of Alamo Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $164.41, for a total transaction of $446,373.15. Following the transaction, the executive vice president owned 8,142 shares in the company, valued at approximately $1,338,626.22. This trade represents a 25.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Alamo Group Trading Up 0.9%

NYSE ALG traded up $1.55 on Friday, reaching $165.13. The company had a trading volume of 86,361 shares, compared to its average volume of 157,000. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 0.98 and a beta of 1.10. Alamo Group, Inc. has a fifty-two week low of $145.76 and a fifty-two week high of $227.07. The business has a 50 day moving average of $162.36 and a two-hundred day moving average of $171.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.39 and a quick ratio of 2.48.

Alamo Group (NYSE:ALG) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.74 by $0.08. The firm had revenue of $450.73 million for the quarter, compared to the consensus estimate of $437.48 million. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. Analysts forecast that Alamo Group, Inc. will post 10.56 EPS for the current year.

Alamo Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Thursday, July 16th were issued a $0.34 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 0.8%. Alamo Group’s dividend payout ratio is presently 16.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Alamo Group during the second quarter valued at about $288,972,000. Vanguard Group Inc. grew its stake in shares of Alamo Group by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company’s stock valued at $134,000,000 after buying an additional 12,499 shares during the period. Dimensional Fund Advisors LP increased its position in Alamo Group by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 527,399 shares of the industrial products company’s stock valued at $87,006,000 after buying an additional 27,597 shares in the last quarter. First Trust Advisors LP increased its position in Alamo Group by 5.4% in the 1st quarter. First Trust Advisors LP now owns 469,289 shares of the industrial products company’s stock valued at $77,419,000 after buying an additional 24,184 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Alamo Group by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 462,758 shares of the industrial products company’s stock worth $77,683,000 after buying an additional 31,860 shares during the period. 92.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. DA Davidson reissued a “neutral” rating and set a $188.00 target price on shares of Alamo Group in a research note on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Alamo Group currently has an average rating of “Moderate Buy” and a consensus target price of $188.00.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.