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 company’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 directly owned 8,142 shares in the company, valued at $1,338,626.22. The trade was a 25.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Alamo Group Stock Up 0.9%

NYSE ALG traded up $1.55 during mid-day trading on Friday, hitting $165.13. The company’s stock had a trading volume of 86,361 shares, compared to its average volume of 157,000. The company’s 50 day simple moving average is $162.36 and its 200 day simple moving average is $171.49. Alamo Group, Inc. has a twelve month low of $145.76 and a twelve month high of $227.07. 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 firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 0.98 and a beta of 1.10.

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

Alamo Group Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Alamo Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in shares of Alamo Group in the second quarter valued at approximately $4,134,000. The Manufacturers Life Insurance Company purchased a new position in Alamo Group in the second quarter worth $935,000. Neumeier Poma Investment Counsel LLC bought a new position in Alamo Group in the 2nd quarter valued at $13,404,290,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Alamo Group in the 2nd quarter valued at $224,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Alamo Group during the 2nd quarter valued at $178,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.