Edward Rizzuti Sells 2,715 Shares of Alamo Group (NYSE:ALG) Stock

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total value of $446,373.15. Following the completion of the sale, the executive vice president directly owned 8,142 shares in the company, valued at approximately $1,338,626.22. This represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alamo Group Price Performance

NYSE ALG opened at $165.10 on Friday. The stock has a 50-day simple moving average of $162.68 and a 200 day simple moving average of $171.44. Alamo Group, Inc. has a twelve month low of $145.76 and a twelve month high of $227.07. The stock has a market capitalization of $2.01 billion, a PE ratio of 19.80, a P/E/G ratio of 0.98 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.48 and a current ratio of 4.39.

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

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Alamo Group’s dividend payout ratio is currently 16.31%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Alamo Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Alamo Group during the 2nd quarter worth approximately $35,000. Jones Financial Companies Lllp raised its position in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Alamo Group in the 2nd quarter valued at $87,000. Kestra Advisory Services LLC bought a new position in shares of Alamo Group in the fourth quarter valued at about $76,000. Finally, Globeflex Capital L P acquired a new position in Alamo Group during the 2nd quarter worth about $100,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.