Alamo Group (NYSE:ALG) Given New $205.00 Price Target at Robert W. Baird

Alamo Group (NYSE:ALG - Get Free Report) had its target price boosted by analysts at Robert W. Baird from $204.00 to $205.00 in a report released on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's price target would indicate a potential upside of 11.86% from the company's previous close.

A number of other brokerages have also recently issued reports on ALG. DA Davidson upped their price objective on shares of Alamo Group from $209.00 to $219.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. StockNews.com lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th.

Alamo Group Price Performance

ALG stock traded down $4.21 during mid-day trading on Monday, hitting $183.27. 107,462 shares of the stock were exchanged, compared to its average volume of 75,333. The business has a fifty day moving average price of $177.21 and a 200 day moving average price of $181.76. Alamo Group has a 12 month low of $163.74 and a 12 month high of $231.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.37 and a quick ratio of 2.52. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 18.88 and a beta of 1.08.

Insider Activity at Alamo Group

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ALG. Nisa Investment Advisors LLC grew its stake in Alamo Group by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. JNBA Financial Advisors bought a new position in shares of Alamo Group during the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. raised its stake in shares of Alamo Group by 174.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company's stock worth $43,000 after acquiring an additional 159 shares in the last quarter. Quarry LP purchased a new stake in Alamo Group during the second quarter valued at approximately $48,000. Finally, Bessemer Group Inc. boosted its stake in Alamo Group by 1,885.7% in the first quarter. Bessemer Group Inc. now owns 278 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 264 shares in the last quarter. 92.36% of the stock is 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.