Alamo Group (NYSE:ALG) EVP Edward Rizzuti Sells 2,715 Shares

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,715 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $164.41, for a total value of $446,373.15. Following the completion of the sale, the executive vice president owned 8,142 shares of the company’s stock, valued at $1,338,626.22. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alamo Group Trading Up 0.9%

NYSE:ALG opened at $165.10 on Friday. The business’s 50-day simple moving average is $162.68 and its 200-day simple moving average is $171.44. Alamo Group, Inc. has a fifty-two week low of $145.76 and a fifty-two week 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 capitalization of $2.01 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10.

Alamo Group (NYSE:ALG) last released its quarterly 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 net margin of 6.08% and a return on equity of 9.83%. The company had revenue of $450.73 million during the quarter, compared to analysts’ expectations of $437.48 million. Sell-side analysts expect that Alamo Group, Inc. will post 10.56 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Alamo Group’s dividend payout ratio (DPR) is currently 16.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $188.00 price target on shares of Alamo Group in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.00.

Institutional Trading of Alamo Group

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

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.