Alamo Group Inc. (NYSE:ALG - Get Free Report) EVP Edward Rizzuti sold 276 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total value of $54,062.88. Following the completion of the transaction, the executive vice president now directly owns 8,439 shares in the company, valued at approximately $1,653,031.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Edward Rizzuti also recently made the following trade(s):
- On Monday, August 19th, Edward Rizzuti sold 322 shares of Alamo Group stock. The shares were sold at an average price of $178.29, for a total value of $57,409.38.
Alamo Group Stock Performance
Shares of ALG stock traded down $1.72 on Friday, hitting $195.72. The company had a trading volume of 137,817 shares, compared to its average volume of 76,158. The firm has a market cap of $2.36 billion, a P/E ratio of 19.71 and a beta of 1.08. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $231.40. The company has a 50-day moving average price of $178.04 and a 200-day moving average price of $181.65. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.
Alamo Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. Alamo Group's payout ratio is 10.47%.
Hedge Funds Weigh In On Alamo Group
Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Alamo Group by 48.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 596,480 shares of the industrial products company's stock valued at $103,191,000 after buying an additional 193,463 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Alamo Group by 1,486.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 71,186 shares of the industrial products company's stock valued at $12,823,000 after purchasing an additional 66,698 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Alamo Group by 16.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company's stock worth $64,518,000 after purchasing an additional 52,250 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Alamo Group by 42.4% during the 1st quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company's stock worth $39,346,000 after purchasing an additional 51,292 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Alamo Group by 17.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company's stock valued at $59,635,000 after acquiring an additional 50,327 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on ALG shares. Robert W. Baird lifted their target price on Alamo Group from $204.00 to $205.00 and gave the stock an "outperform" rating in a report on Monday. DA Davidson raised their price target 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. Finally, StockNews.com downgraded shares of Alamo Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th.
Check Out Our Latest Report on ALG
Alamo Group Company Profile
(
Get Free Report)
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.
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