Rep. Josh Gottheimer Sells Off Shares of Alamo Group Inc. (NYSE:ALG)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Alamo Group Inc. NYSE: ALG. In a filing disclosed on November 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alamo Group stock on October 25th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.

Alamo Group Price Performance

Shares of Alamo Group stock traded down $1.72 during trading on Friday, hitting $195.72. The stock had a trading volume of 137,817 shares, compared to its average volume of 76,158. Alamo Group Inc. has a 12 month low of $163.74 and a 12 month high of $231.40. The business's 50-day moving average is $177.83 and its 200 day moving average is $181.71. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 19.75 and a beta of 1.08. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21.

Alamo Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were issued a $0.26 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.53%. Alamo Group's payout ratio is currently 10.47%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Robert W. Baird upped their target price on shares of Alamo Group from $204.00 to $205.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, DA Davidson upped their target price on shares of Alamo Group from $209.00 to $219.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th.

Institutional Trading of Alamo Group

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Alamo Group by 9.4% during the 1st quarter. BNP Paribas Financial Markets now owns 9,016 shares of the industrial products company's stock valued at $2,059,000 after acquiring an additional 774 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Alamo Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 9,041 shares of the industrial products company's stock valued at $2,064,000 after purchasing an additional 117 shares during the period. Tectonic Advisors LLC bought a new position in shares of Alamo Group in the first quarter worth approximately $454,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Alamo Group in the first quarter worth $1,590,000. Finally, Sei Investments Co. raised its holdings in Alamo Group by 7.6% during the 1st quarter. Sei Investments Co. now owns 12,300 shares of the industrial products company's stock valued at $2,808,000 after buying an additional 873 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alamo Group

In other Alamo Group news, EVP Richard Hodges Raborn sold 300 shares of the business's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alamo Group news, EVP Richard Hodges Raborn sold 300 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the completion of the sale, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward Rizzuti sold 322 shares of Alamo Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the sale, the executive vice president now owns 7,765 shares in the company, valued at approximately $1,384,421.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.