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

Alamo Group Inc. (NYSE:ALG) EVP Edward Rizzuti sold 276 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the transaction, the executive vice president now directly owns 8,439 shares in the company, valued at approximately $1,653,031.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $57,409.38.

Alamo Group Stock Down 0.9 %

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

Alamo Group Dividend Announcement

The business also recently declared 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 currently 10.47%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Alamo Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Alamo Group by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. JNBA Financial Advisors bought a new position in Alamo Group during the 3rd quarter valued at $37,000. First Horizon Advisors Inc. boosted its holdings in Alamo Group by 174.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 159 shares during the last quarter. Quarry LP bought a new stake in shares of Alamo Group in the 2nd quarter worth $48,000. Finally, Bessemer Group Inc. raised its holdings in shares of Alamo Group by 1,885.7% in the first quarter. Bessemer Group Inc. now owns 278 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 264 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

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.