Insider Selling: Alamo Group (NYSE:ALG) EVP Sells $443,163.16 in Stock

Key Points

• Alamo Group EVP Edward Rizzuti sold 2,537 shares at an average price of $174.68, generating $443,163.16 and reducing his holdings by 31.16% to 5,605 shares.
• Alamo Group reported quarterly earnings of $2.82 per share, exceeding the $2.74 consensus estimate, while revenue of $450.73 million also surpassed expectations.
• The stock traded near $173.26, and analysts maintained a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $188.00.

Alamo Group, Inc. (NYSE:ALG - Get Free Report) EVP Edward Rizzuti sold 2,537 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $174.68, for a total value of $443,163.16. Following the completion of the transaction, the executive vice president owned 5,605 shares in the company, valued at $979,081.40. The trade was a 31.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Edward Rizzuti also recently made the following trade(s):

• On Thursday, August 13th, Edward Rizzuti sold 2,715 shares of Alamo Group stock. The shares were sold at an average price of $164.41, for a total value of $446,373.15.

Alamo Group Stock Performance

Shares of NYSE ALG traded down $0.29 during mid-day trading on Tuesday, reaching $173.26. 77,871 shares of the company's stock were exchanged, compared to its average volume of 157,484. The firm has a 50-day moving average price of $164.95 and a two-hundred day moving average price of $167.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.39 and a quick ratio of 2.48. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09. Alamo Group, Inc. has a 52 week low of $145.76 and a 52 week high of $219.88.

Alamo Group (NYSE:ALG - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.08. Alamo Group had a return on equity of 9.83% and a net margin of 6.08%.The company had revenue of $450.73 million during the quarter, compared to analyst estimates of $437.48 million. Analysts predict that Alamo Group, Inc. will post 10.56 EPS for the current year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Thursday, July 16th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. Alamo Group's dividend payout ratio (DPR) is 16.31%.

Institutional Trading of Alamo Group

Hedge funds have recently modified their holdings of the business. Natixis Advisors LLC grew its holdings in Alamo Group by 209.0% in the fourth quarter. Natixis Advisors LLC now owns 49,217 shares of the industrial products company's stock worth $8,262,000 after purchasing an additional 33,291 shares during the period. Janus Henderson Group PLC grew its stake in shares of Alamo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 167,983 shares of the industrial products company's stock worth $27,713,000 after buying an additional 20,410 shares during the last quarter. Vanguard Group Inc. increased its position in Alamo Group by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 798,234 shares of the industrial products company's stock valued at $134,000,000 after buying an additional 12,499 shares in the last quarter. Sei Investments Co. raised its stake in Alamo Group by 47.3% during the first quarter. Sei Investments Co. now owns 49,937 shares of the industrial products company's stock valued at $8,236,000 after buying an additional 16,034 shares during the last quarter. Finally, UBS Group AG raised its stake in Alamo Group by 26.7% during the fourth quarter. UBS Group AG now owns 58,708 shares of the industrial products company's stock valued at $9,855,000 after buying an additional 12,361 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson reissued a "neutral" rating and issued a $188.00 target price on shares of Alamo Group in a research note on Wednesday, July 1st. Weiss Ratings raised Alamo Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Alamo Group presently has an average rating of "Moderate Buy" and a consensus target price of $188.00.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.

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