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 company’s stock in a transaction 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 owns 3,360 shares of the company’s stock, valued at $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Alamo Group Price Performance

Shares of ALG stock opened at $194.51 on Friday. The company has a market capitalization of $2.35 billion, a PE ratio of 19.59 and a beta of 1.10. The firm has a fifty day simple moving average of $189.16 and a 200-day simple moving average of $181.84. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $231.40.

Alamo Group Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its stake in Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 113 shares during the last quarter. Virtu Financial LLC bought a new position in Alamo Group during the 3rd quarter valued at $273,000. Geode Capital Management LLC boosted its stake in Alamo Group by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company’s stock valued at $41,834,000 after acquiring an additional 670 shares during the last quarter. Barclays PLC boosted its stake in Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock valued at $4,039,000 after acquiring an additional 15,061 shares during the last quarter. Finally, First National Bank of Omaha boosted its stake in Alamo Group by 6.6% during the 3rd quarter. First National Bank of Omaha now owns 2,988 shares of the industrial products company’s stock valued at $538,000 after acquiring an additional 184 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALG shares. DA Davidson upped their target price on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Robert W. Baird upped their target price 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.

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.