Alamo Group (NYSE:ALG) EVP Sells $102,558.00 in Stock

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 600 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $170.93, for a total value of $102,558.00. Following the completion of the transaction, the executive vice president directly owned 10,857 shares of the company’s stock, valued at $1,855,787.01. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Alamo Group Price Performance

ALG stock traded down $1.74 during mid-day trading on Wednesday, reaching $169.49. 100,798 shares of the company’s stock were exchanged, compared to its average volume of 134,693. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.57 and a quick ratio of 2.82. Alamo Group, Inc. has a 12-month low of $156.29 and a 12-month high of $233.29. The stock’s 50 day moving average is $192.23 and its 200 day moving average is $184.06. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.01 and a beta of 1.11.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Monday, March 2nd. The industrial products company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.36). The business had revenue of $373.65 million during the quarter, compared to analysts’ expectations of $405.18 million. Alamo Group had a net margin of 6.47% and a return on equity of 10.04%. On average, research analysts expect that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, January 16th. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. Alamo Group’s payout ratio is presently 15.83%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALG. Global Retirement Partners LLC grew its holdings in shares of Alamo Group by 136.2% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock worth $52,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after buying an additional 314 shares in the last quarter. MAI Capital Management purchased a new position in shares of Alamo Group in the third quarter worth about $73,000. Kestra Advisory Services LLC acquired a new position in Alamo Group during the fourth quarter worth about $76,000. Finally, State of Wyoming grew its stake in Alamo Group by 76.5% during the 4th quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ALG shares. DA Davidson reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Alamo Group in a report on Monday, March 9th. CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research note on Thursday, December 11th. William Blair assumed coverage on shares of Alamo Group in a research report on Monday, March 16th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. Finally, Zacks Research cut Alamo Group from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Alamo Group Company Profile

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.