Alamo Group (NYSE:ALG) Trading Up 8.5% - What's Next?

Shares of Alamo Group Inc. (NYSE:ALG - Get Free Report) rose 8.5% during trading on Friday . The stock traded as high as $183.94 and last traded at $183.94. Approximately 8,387 shares were traded during trading, a decline of 89% from the average daily volume of 73,973 shares. The stock had previously closed at $169.54.

Analyst Ratings Changes

Several brokerages recently weighed in on ALG. Robert W. Baird dropped their target price on shares of Alamo Group from $223.00 to $217.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. DA Davidson increased their target price on 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 cut Alamo Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th.

Alamo Group Trading Up 10.8 %

The company has a market cap of $2.26 billion, a PE ratio of 17.63 and a beta of 1.06. The stock's 50 day moving average is $177.14 and its 200-day moving average is $182.34. The company has a quick ratio of 2.52, a current ratio of 4.37 and a debt-to-equity ratio of 0.28.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.44). The company had revenue of $416.30 million for the quarter. Alamo Group had a net margin of 7.56% and a return on equity of 13.51%. During the same quarter in the previous year, the firm earned $3.03 EPS. As a group, sell-side analysts anticipate that Alamo Group Inc. will post 10.23 EPS for the current year.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.55%. Alamo Group's dividend payout ratio is presently 9.85%.

Insider Buying and Selling

In other Alamo Group news, 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 transaction, the executive vice president now owns 7,765 shares of the company's stock, valued at $1,384,421.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alamo Group news, EVP Richard Hodges Raborn sold 300 shares of Alamo Group stock in a transaction dated Wednesday, August 28th. The stock was 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 $2,005,138.08. 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 is available at the SEC website. Also, EVP Edward Rizzuti sold 322 shares of the firm'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 completion of the sale, the executive vice president now directly owns 7,765 shares of the company's stock, valued at $1,384,421.85. The trade was 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 corporate insiders.

Institutional Trading of Alamo Group

Several large investors have recently added to or reduced their stakes in ALG. Edgestream Partners L.P. acquired a new stake in shares of Alamo Group in the first quarter worth $1,067,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Alamo Group by 16.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company's stock valued at $64,518,000 after buying an additional 52,250 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Alamo Group by 42.4% in the 1st quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company's stock valued at $39,346,000 after buying an additional 51,292 shares during the period. Vanguard Group Inc. boosted its stake in shares of Alamo Group by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 759,699 shares of the industrial products company's stock worth $159,681,000 after buying an additional 7,121 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Alamo Group during the second quarter valued at approximately $4,290,000. Hedge funds and other institutional investors 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.