Edward Rizzuti Sells 276 Shares of Alamo Group Inc. (NYSE:ALG) Stock

Alamo Group Inc. (NYSE:ALG) EVP Edward Rizzuti sold 276 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 8,439 shares of the company’s stock, valued at $1,653,031.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 %

Shares of ALG stock opened at $195.58 on Friday. Alamo Group Inc. has a 1-year low of $163.74 and a 1-year high of $231.40. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 19.70 and a beta of 1.08. The stock has a 50-day moving average of $178.04 and a 200-day moving average of $181.65.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 annualized dividend and a yield of 0.53%. Alamo Group’s payout ratio is 10.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Alamo Group by 7.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock worth $115,626,000 after buying an additional 45,422 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Alamo Group by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company’s stock worth $74,830,000 after acquiring an additional 28,786 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Alamo Group by 16.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company’s stock worth $64,518,000 after acquiring an additional 52,250 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Alamo Group by 17.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company’s stock worth $59,635,000 after acquiring an additional 50,327 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake 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 purchasing an additional 51,292 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALG. DA Davidson lifted their target price on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Robert W. Baird raised their price target on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

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.