Insider Selling: Alamo Group Inc. (NYSE:ALG) EVP Sells 276 Shares of Stock

Alamo Group Inc. (NYSE:ALG) EVP Edward Rizzuti sold 276 shares of Alamo Group 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 sale, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at $1,653,031.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $178.29, for a total value of $57,409.38.

Alamo Group Trading Down 0.9 %

Alamo Group stock traded down $1.72 during midday trading on Friday, reaching $195.72. The stock had a trading volume of 137,817 shares, compared to its average volume of 76,158. The stock’s 50-day simple moving average is $178.04 and its 200 day simple moving average is $181.65. The stock has a market capitalization of $2.36 billion, a PE 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 debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group Dividend Announcement

The firm also recently announced 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. This represents a $1.04 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s dividend payout ratio (DPR) is currently 10.47%.

Analysts Set New Price Targets

A number of analysts have recently commented on ALG shares. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. DA Davidson raised their price objective on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird upped their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Alamo Group by 7.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock valued at $115,626,000 after purchasing an additional 45,422 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Alamo Group by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company’s stock worth $74,830,000 after purchasing an additional 28,786 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Alamo Group by 16.3% in 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 buying an additional 52,250 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Alamo Group by 17.1% in the second quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company’s stock valued at $59,635,000 after buying an additional 50,327 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of 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 acquiring an additional 51,292 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Company Profile

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.