Insider Selling: Alamo Group (NYSE:ALG) EVP Sells $446,373.15 in Stock

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,715 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $164.41, for a total value of $446,373.15. Following the transaction, the executive vice president owned 8,142 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink.

Alamo Group Stock Up 0.1%

ALG opened at $165.10 on Monday. Alamo Group, Inc. has a 12 month low of $145.76 and a 12 month high of $227.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.39 and a quick ratio of 2.48. The stock has a market cap of $2.01 billion, a P/E ratio of 19.80, a P/E/G ratio of 0.98 and a beta of 1.10. The stock’s 50 day moving average price is $162.68 and its 200 day moving average price is $171.30.

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

Alamo Group Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALG. Natixis Advisors LLC increased its holdings in shares of Alamo Group by 0.4% during the third quarter. Natixis Advisors LLC now owns 15,926 shares of the industrial products company’s stock worth $3,040,000 after buying an additional 61 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Alamo Group by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,633 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 101 shares in the last quarter. State of Alaska Department of Revenue grew its position in Alamo Group by 1.7% during the 4th quarter. State of Alaska Department of Revenue now owns 6,250 shares of the industrial products company’s stock worth $1,048,000 after acquiring an additional 106 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Alamo Group by 0.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,970 shares of the industrial products company’s stock worth $4,192,000 after acquiring an additional 117 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Alamo Group by 1.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,744 shares of the industrial products company’s stock valued at $1,472,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ALG shares. Weiss Ratings cut shares of Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. DA Davidson reaffirmed a “neutral” rating and issued a $188.00 price target on shares of Alamo Group in a research note on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $188.00.

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.