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

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

Alamo Group Stock Performance

Shares of NYSE:ALG traded down $1.74 during trading on Wednesday, hitting $169.49. The stock had a trading volume of 100,798 shares, compared to its average volume of 134,693. Alamo Group, Inc. has a 12-month low of $156.29 and a 12-month high of $233.29. The stock has a market capitalization 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. The company has a quick ratio of 2.82, a current ratio of 4.57 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $192.23 and a two-hundred day simple moving average of $184.06.

Alamo Group (NYSE:ALG) last issued its earnings results 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). Alamo Group had a net margin of 6.47% and a return on equity of 10.04%. The firm had revenue of $373.65 million during the quarter, compared to analysts’ expectations of $405.18 million. On average, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 16th were issued a $0.34 dividend. This is an increase from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Alamo Group’s payout ratio is currently 15.83%.

Hedge Funds Weigh In On Alamo Group

Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in Alamo Group during the fourth quarter worth $289,000. T. Rowe Price Investment Management Inc. increased its holdings in Alamo Group by 72.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 230,180 shares of the industrial products company’s stock valued at $38,641,000 after buying an additional 96,369 shares in the last quarter. Invesco Ltd. raised its position in shares of Alamo Group by 38.0% in the fourth quarter. Invesco Ltd. now owns 130,632 shares of the industrial products company’s stock worth $21,929,000 after acquiring an additional 35,974 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Alamo Group in the fourth quarter worth about $367,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Alamo Group during the 4th quarter worth about $247,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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