Alamo Group Inc. (NYSE:ALG) VP Sells $49,706.37 in Stock

Alamo Group Inc. (NYSE:ALG) VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the transaction, the vice president now directly owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. This represents a 7.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alamo Group Stock Performance

Shares of ALG stock opened at $194.51 on Friday. Alamo Group Inc. has a one year low of $163.74 and a one year 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. The company has a 50 day moving average price of $189.16 and a 200 day moving average price of $181.84. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 19.59 and a beta of 1.10.

Alamo Group Dividend Announcement

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

Hedge Funds Weigh In On Alamo Group

Several institutional investors and hedge funds have recently bought and sold shares of ALG. Tidal Investments LLC increased its position in shares of Alamo Group by 3.8% in the third quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 113 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Alamo Group in the third quarter worth $273,000. Geode Capital Management LLC increased its position in shares of Alamo Group by 0.3% in the third quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company’s stock worth $41,834,000 after acquiring an additional 670 shares in the last quarter. Barclays PLC increased its position in shares of Alamo Group by 204.7% in the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock worth $4,039,000 after acquiring an additional 15,061 shares in the last quarter. Finally, First National Bank of Omaha increased its position in shares of Alamo Group by 6.6% in the third quarter. First National Bank of Omaha now owns 2,988 shares of the industrial products company’s stock worth $538,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ALG shares. Robert W. Baird boosted their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. DA Davidson boosted 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.

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.