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

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 600 shares of Alamo Group stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $170.93, for a total transaction of $102,558.00. Following the completion of the transaction, the executive vice president directly owned 10,857 shares in the company, valued at $1,855,787.01. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Alamo Group Stock Down 1.1%

NYSE ALG opened at $166.71 on Friday. The business has a fifty day moving average price of $190.81 and a two-hundred day moving average price of $183.54. 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 fifty-two week low of $156.29 and a fifty-two week high of $233.29. The stock has a market capitalization of $2.02 billion, a PE ratio of 19.41, a PEG ratio of 1.02 and a beta of 1.11.

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

Alamo Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were given a $0.34 dividend. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, January 16th. Alamo Group’s dividend payout ratio (DPR) is presently 15.83%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC grew its holdings in Alamo Group by 0.4% during the 3rd quarter. Natixis Advisors LLC now owns 15,926 shares of the industrial products company’s stock worth $3,040,000 after acquiring an additional 61 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its stake in shares of Alamo Group by 1.5% during the third quarter. Hudson Edge Investment Partners Inc. now owns 4,372 shares of the industrial products company’s stock valued at $835,000 after acquiring an additional 65 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Alamo Group by 4.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,649 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 73 shares during the period. Amalgamated Bank lifted its holdings in shares of Alamo Group by 3.2% during the third quarter. Amalgamated Bank now owns 3,054 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of Alamo Group by 2.0% in the third quarter. Louisiana State Employees Retirement System now owns 5,000 shares of the industrial products company’s stock worth $954,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

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