Jeffery Allen Leonard Sells 3,500 Shares of Alamo Group Inc. (NYSE:ALG) Stock

Alamo Group Inc. (NYSE:ALG) CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total transaction of $705,320.00. Following the transaction, the chief executive officer now directly owns 40,913 shares in the company, valued at $8,244,787.76. This trade represents a 7.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alamo Group Stock Performance

Shares of ALG opened at $203.21 on Friday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 20.46 and a beta of 1.02. Alamo Group Inc. has a 52 week low of $157.07 and a 52 week high of $205.62. The stock has a 50 day moving average price of $177.56 and a two-hundred day moving average price of $184.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.32. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The business had revenue of $390.95 million during the quarter, compared to the consensus estimate of $391.08 million. Equities analysts forecast that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were issued a $0.30 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. Alamo Group’s dividend payout ratio is currently 12.50%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Alamo Group by 80.0% during the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company’s stock worth $29,000 after buying an additional 72 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 168 shares during the period. GAMMA Investing LLC boosted its position in Alamo Group by 110.6% in the first quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 125 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Alamo Group by 30.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 61 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the period. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALG. Baird R W downgraded Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Robert W. Baird lowered Alamo Group from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price target on shares of Alamo Group in a research report on Monday, March 3rd. DA Davidson decreased their price target on shares of Alamo Group from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Monday, May 12th.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.