Alamo Group Inc. (NYSE:ALG) Short Interest Down 5.4% in November

Alamo Group Inc. (NYSE:ALG) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 395,100 shares, a decrease of 5.4% from the November 15th total of 417,800 shares. Based on an average trading volume of 81,000 shares, the short-interest ratio is currently 4.9 days. Approximately 3.4% of the company’s shares are short sold.

Insider Activity at Alamo Group

In related news, EVP Edward Rizzuti sold 276 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the transaction, the executive vice president now directly owns 8,439 shares in the company, valued at $1,653,031.32. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Janet S. Pollock sold 257 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the sale, the vice president now directly owns 3,360 shares in the company, valued at $649,857.60. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alamo Group

Several large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in shares of Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares in the last quarter. JNBA Financial Advisors acquired a new position in Alamo Group during the third quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its stake in Alamo Group by 174.7% in the second quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock valued at $43,000 after buying an additional 159 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alamo Group in the second quarter valued at approximately $48,000. Finally, Quarry LP purchased a new position in shares of Alamo Group during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

ALG has been the subject of a number of recent research reports. Robert W. Baird lifted their target price on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th. DA Davidson lifted their price objective on Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th.

Alamo Group Trading Down 0.0 %

ALG opened at $196.51 on Wednesday. The business’s 50-day simple moving average is $188.22 and its 200-day simple moving average is $181.64. The company has a market cap of $2.37 billion, a P/E ratio of 19.79 and a beta of 1.10. Alamo Group 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.

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 $0.26 dividend. 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 presently 10.47%.

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.