Edward Rizzuti Sells 2,537 Shares of Alamo Group (NYSE:ALG) Stock

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,537 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $174.68, for a total transaction of $443,163.16. Following the completion of the sale, the executive vice president directly owned 5,605 shares in the company, valued at approximately $979,081.40. This trade represents a 31.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $164.41, for a total transaction of $446,373.15.

Alamo Group Stock Down 0.6%

ALG opened at $171.47 on Thursday. Alamo Group, Inc. has a 12 month low of $145.76 and a 12 month high of $219.88. The company has a market cap of $2.09 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.09. The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $165.22 and a 200 day moving average of $166.62.

Alamo Group (NYSE:ALG) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping 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. On average, 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. Investors 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 yield of 0.8%. Alamo Group’s dividend payout ratio is 16.31%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in Alamo Group in the second quarter valued at approximately $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Alamo Group during the 2nd quarter valued at $25,000. Global Retirement Partners LLC bought a new stake in shares of Alamo Group during the 2nd quarter worth $35,000. Jones Financial Companies Lllp lifted its holdings in shares of Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 314 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Alamo Group in the second quarter worth $87,000. 92.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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