Shares of Alamo Group Inc. (NYSE:ALG) reached a new 52-week high during trading on Tuesday . The company traded as high as $68.04 and last traded at $67.88, with a volume of 34,188 shares traded. The stock had previously closed at $66.49.

ALG has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. Bank of America Corp. reiterated a “sell” rating and issued a $54.00 target price on shares of Alamo Group in a research note on Tuesday, May 24th.

The company’s 50 day moving average is $64.28 and its 200 day moving average is $57.35. The firm has a market capitalization of $766.98 million and a price-to-earnings ratio of 17.33.

Alamo Group (NYSE:ALG) last released its earnings results on Thursday, May 5th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.02. On average, equities analysts predict that Alamo Group Inc. will post $4.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.53%.

In other Alamo Group news, Director David W. Grzelak sold 4,102 shares of the stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $62.41, for a total value of $256,005.82. Following the transaction, the director now directly owns 176 shares in the company, valued at $10,984.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Geoff Davies sold 5,000 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $65.87, for a total transaction of $329,350.00. Following the completion of the transaction, the vice president now owns 17,500 shares in the company, valued at $1,152,725. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Alamo Group stock. Victory Capital Management Inc. increased its stake in shares of Alamo Group Inc. (NYSE:ALG) by 17,816.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,336 shares of the company’s stock after buying an additional 282,749 shares during the period. Victory Capital Management Inc. owned approximately 2.49% of Alamo Group worth $14,814,000 at the end of the most recent reporting period.

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. Its products include tractor-mounted mowing and other vegetation maintenance equipment, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.