Alamo Group (NYSE:ALG) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Alamo Group Inc. (NYSE:ALG - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 102,667 shares changed hands during trading, an increase of 31% from the previous session's volume of 78,359 shares.The stock last traded at $187.13 and had previously closed at $186.54.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird upped their price objective on Alamo Group from $204.00 to $205.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. DA Davidson upped their price target on shares of Alamo Group from $209.00 to $219.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th.

Alamo Group Stock Up 0.9 %

The stock has a market cap of $2.27 billion, a PE ratio of 18.96 and a beta of 1.10. The business has a fifty day moving average of $189.54 and a 200-day moving average of $181.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 15th. Alamo Group's dividend payout ratio is 10.47%.

Insider Activity

In other Alamo Group news, EVP Edward Rizzuti sold 276 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the sale, the executive vice president now owns 8,439 shares in the company, valued at $1,653,031.32. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $49,706.37. Following the sale, the vice president now directly owns 3,360 shares in the company, valued at $649,857.60. This trade represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Alamo Group

A number of large investors have recently added to or reduced their stakes in ALG. Nisa Investment Advisors LLC grew its position in shares of Alamo Group by 700.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company's stock worth $32,000 after buying an additional 154 shares during the last quarter. JNBA Financial Advisors acquired a new stake in Alamo Group in the third quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Alamo Group in the second quarter worth $48,000. Quarry LP acquired a new position in shares of Alamo Group during the second quarter worth $48,000. Finally, nVerses Capital LLC purchased a new stake in shares of Alamo Group during the 2nd quarter valued at $52,000. 92.36% of the stock is currently owned by institutional investors.

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.