Insider Selling: Alamo Group (NYSE:ALG) EVP Sells $443,163.16 in Stock

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,537 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $174.68, for a total value of $443,163.16. Following the completion of the sale, the executive vice president directly owned 5,605 shares of the company’s stock, valued at approximately $979,081.40. This represents a 31.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Edward Rizzuti also recently made the following trade(s):

• On Thursday, August 13th, Edward Rizzuti sold 2,715 shares of Alamo Group stock. The shares were sold at an average price of $164.41, for a total transaction of $446,373.15.

Alamo Group Stock Performance

Shares of Alamo Group stock opened at $167.01 on Friday. The company has a 50 day moving average price of $165.15 and a 200 day moving average price of $166.29. The firm has a market capitalization of $2.03 billion, a P/E ratio of 20.03, a PEG ratio of 1.02 and a beta of 1.09. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22. Alamo Group, Inc. has a 52 week low of $145.76 and a 52 week high of $219.88.

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

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were issued 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 payout ratio is 16.31%.

Institutional Trading of Alamo Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in Alamo Group during the second quarter valued at $25,000. Integrated Wealth Concepts LLC acquired a new stake in Alamo Group during the second quarter worth about $25,000. Global Retirement Partners LLC acquired a new stake in Alamo Group during the second quarter worth about $35,000. Jones Financial Companies Lllp raised its position in Alamo Group by 3,140.0% during the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 314 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Alamo Group during the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ALG shares. Weiss Ratings upgraded Alamo Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. DA Davidson reissued a “neutral” rating and issued a $188.00 price objective on shares of Alamo Group in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.00.

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.