Alamo Group (NYSE:ALG) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Alamo Group, Inc. (NYSE:ALG)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $164.70 and traded as high as $171.77. Alamo Group shares last traded at $167.0070, with a volume of 626,853 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ALG shares. DA Davidson reaffirmed 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, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $188.00.

Alamo Group Price Performance

The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $165.48 and its 200-day moving average price is $164.70. The stock has a market capitalization of $2.03 billion, a PE ratio of 20.02, a PEG ratio of 0.99 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 EPS for the quarter, topping the consensus estimate of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%.The company had revenue of $450.73 million during the quarter, compared to analyst estimates of $437.48 million. On average, equities analysts forecast that Alamo Group, Inc. will post 10.52 EPS for the current fiscal year.

Alamo Group Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Edward Rizzuti sold 2,537 shares of the stock in a transaction on Friday, September 4th. The stock was 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. This represents a 31.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Alamo Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of Alamo Group during the 2nd quarter worth about $25,000. Integrated Wealth Concepts LLC bought a new position in Alamo Group during the 2nd quarter valued at about $25,000. Global Retirement Partners LLC purchased a new stake in Alamo Group in the 2nd quarter worth about $35,000. Hantz Financial Services Inc. raised its position in Alamo Group by 861.5% in the 4th quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 448 shares during the period. Finally, Nykredit A S bought a new stake in Alamo Group in the second quarter worth about $99,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Company Profile

Alamo Group Inc (NYSE:ALG) designs, manufactures, distributes and services equipment used in vegetation management, infrastructure maintenance and agricultural applications. Its products are sold primarily to government agencies, municipalities, contractors, utility companies, industrial organizations and agricultural customers.

The company’s product portfolio includes truck- and tractor-mounted mowing equipment, roadside and vegetation-management machinery, snow removal equipment, street sweepers, vacuum trucks, excavators and other specialized infrastructure-maintenance equipment.