Edward Rizzuti Sells 600 Shares of Alamo Group (NYSE:ALG) 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 completion of the sale, the executive vice president owned 10,857 shares in the company, valued at approximately $1,855,787.01. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alamo Group Stock Down 0.1%

NYSE:ALG opened at $169.03 on Friday. The stock has a 50-day simple moving average of $191.34 and a 200 day simple moving average of $183.86. Alamo Group, Inc. has a 52-week low of $156.29 and a 52-week high of $233.29. The company has a market cap of $2.05 billion, a PE ratio of 19.68, a PEG ratio of 1.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.82 and a current ratio of 4.57.

Alamo Group (NYSE:ALG) last released its earnings results on Monday, March 2nd. The industrial products company reported $1.70 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $405.18 million. On average, sell-side analysts expect that Alamo Group, Inc. will post 9.53 EPS 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 given a $0.34 dividend. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, January 16th. Alamo Group’s payout ratio is presently 15.83%.

Hedge Funds Weigh In On Alamo Group

A number of institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its stake in Alamo Group by 136.2% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 177 shares during the last quarter. Jones Financial Companies Lllp increased its stake 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 purchasing an additional 314 shares during the last quarter. MAI Capital Management acquired a new position in shares of Alamo Group during the 3rd quarter worth about $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Alamo Group in the 2nd quarter valued at about $87,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Alamo Group in the 4th quarter valued at about $76,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a research report on Monday, December 29th. William Blair began coverage on shares of Alamo Group in a research report on Monday, March 16th. They set an “outperform” rating on the stock. DA Davidson restated a “neutral” rating and set a $190.00 price objective on shares of Alamo Group in a research note on Monday, March 9th. CJS Securities upgraded Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Zacks Research downgraded Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.