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

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 transaction 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 approximately $1,653,031.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $178.29, for a total value of $57,409.38.

Alamo Group Price Performance

ALG stock opened at $195.72 on Friday. 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 business has a 50-day simple moving average of $178.04 and a two-hundred day simple moving average of $181.65. The company has a market capitalization of $2.36 billion, a P/E ratio of 19.71 and a beta of 1.08. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $231.40.

Alamo Group Announces Dividend

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

Institutional Investors Weigh In On Alamo Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in Alamo Group by 48.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 596,480 shares of the industrial products company’s stock valued at $103,191,000 after buying an additional 193,463 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Alamo Group by 1,486.1% during the third quarter. Assenagon Asset Management S.A. now owns 71,186 shares of the industrial products company’s stock valued at $12,823,000 after acquiring an additional 66,698 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Alamo Group by 16.3% during 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 acquiring an additional 52,250 shares during the period. Janus Henderson Group PLC boosted its position in Alamo Group by 42.4% in the first quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company’s stock worth $39,346,000 after purchasing an additional 51,292 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in 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 valued at $59,635,000 after purchasing an additional 50,327 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. DA Davidson increased their target price on Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird boosted 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.

About Alamo Group

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.