Alamo Group (NYSE:ALG) Downgraded by StockNews.com to "Hold"

Alamo Group (NYSE:ALG - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

Separately, Robert W. Baird lifted their price target on Alamo Group from $204.00 to $205.00 and gave the company an "outperform" rating in a research report on Monday, November 4th.

Alamo Group Stock Performance

NYSE:ALG traded down $0.45 during mid-day trading on Tuesday, hitting $184.77. The company's stock had a trading volume of 52,206 shares, compared to its average volume of 95,194. Alamo Group has a 1 year low of $163.74 and a 1 year high of $228.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 18.61 and a beta of 1.10. The business's fifty day moving average is $185.90 and its two-hundred day moving average is $183.45.

Insider Buying and Selling

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the transaction, the vice president now directly owns 3,360 shares of the company's stock, valued at $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Alamo Group

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 154 shares during the last quarter. JNBA Financial Advisors acquired a new stake in Alamo Group during the 3rd quarter worth $37,000. Smartleaf Asset Management LLC boosted its stake in Alamo Group by 442.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock worth $38,000 after purchasing an additional 168 shares during the last quarter. KBC Group NV boosted its stake in Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after purchasing an additional 189 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Alamo Group by 10.4% during the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company's stock worth $121,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

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.