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

Alamo Group, Inc. (NYSE:ALG) EVP Edward Rizzuti sold 2,537 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $174.68, for a total transaction of $443,163.16. Following the sale, the executive vice president owned 5,605 shares in the company, valued at approximately $979,081.40. The trade was a 31.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Alamo Group Stock Performance

Alamo Group stock traded down $0.29 during mid-day trading on Tuesday, reaching $173.26. 77,871 shares of the stock traded hands, compared to its average volume of 157,484. Alamo Group, Inc. has a 12-month low of $145.76 and a 12-month high of $219.88. The business’s 50-day moving average is $164.95 and its 200-day moving average is $167.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.39 and a quick ratio of 2.48. The stock has a market capitalization of $2.11 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.08. The business had revenue of $450.73 million during the quarter, compared to the consensus estimate of $437.48 million. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%. As a group, sell-side analysts predict that Alamo Group, Inc. will post 10.56 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Thursday, July 16th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. Alamo Group’s payout ratio is 16.31%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in shares of Alamo Group in the second quarter worth about $35,000. Jones Financial Companies Lllp boosted its stake in Alamo Group by 3,140.0% during the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after buying an additional 314 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Alamo Group during the fourth quarter valued at approximately $76,000. State of Wyoming grew its holdings in Alamo Group by 76.5% during the 4th quarter. State of Wyoming now owns 473 shares of the industrial products company’s stock valued at $79,000 after buying an additional 205 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in Alamo Group by 861.5% during the 4th quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock valued at $84,000 after buying an additional 448 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ALG shares. DA Davidson restated a “neutral” rating and set a $188.00 target price on shares of Alamo Group in a research note on Wednesday, July 1st. Weiss Ratings raised Alamo Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.00.

Alamo Group Company Profile

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.