Alamo Group (NYSE:ALG) EVP Edward Rizzuti Sells 2,537 Shares of Stock

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,537 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $174.68, for a total value of $443,163.16. Following the completion of the transaction, the executive vice president directly owned 5,605 shares in the company, valued at approximately $979,081.40. This represents a 31.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Edward Rizzuti also recently made the following trade(s):

• On Thursday, August 13th, Edward Rizzuti sold 2,715 shares of Alamo Group stock. The stock was sold at an average price of $164.41, for a total value of $446,373.15.

Alamo Group Trading Down 0.4%

Alamo Group stock opened at $172.81 on Wednesday. Alamo Group, Inc. has a 52-week low of $145.76 and a 52-week high of $219.88. The company has a market cap of $2.10 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.03 and a beta of 1.09. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $165.11 and a two-hundred day simple moving average of $166.89.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.08. The firm had revenue of $450.73 million for the quarter, compared to analysts’ expectations of $437.48 million. Alamo Group had a net margin of 6.08% and a return on equity of 9.83%. Analysts predict that Alamo Group, Inc. will post 10.56 EPS for the current year.

Alamo Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 16th. Alamo Group’s dividend payout ratio (DPR) is currently 16.31%.

Institutional Investors Weigh In On Alamo Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALG. NewEdge Advisors LLC bought a new position in shares of Alamo Group in the second quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new stake in shares of Alamo Group in the second quarter worth $35,000. Jones Financial Companies Lllp raised its position in shares of Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Alamo Group during the 2nd quarter valued at $87,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Alamo Group during the 4th quarter valued at $76,000. Institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

ALG has been the subject of several analyst reports. DA Davidson restated a “neutral” rating and issued a $188.00 price objective on shares of Alamo Group in a research note on Wednesday, July 1st. Weiss Ratings upgraded Alamo Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Alamo Group has a consensus rating of “Moderate Buy” and a consensus target price of $188.00.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.