Alamo Group (NYSE:ALG) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Alamo Group shares crossed above their 200-day moving average, trading as high as $171.77 and last changing hands near $167.01, compared with a 200-day average of $164.70.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and an $188 price target. The company also exceeded quarterly expectations, reporting EPS of $2.82 versus the $2.74 consensus and revenue of $450.73 million.
• Alamo Group pays a quarterly dividend of $0.34, equivalent to an annualized $1.36 and a 0.8% yield. Institutional investors own 92.36% of the company, while an executive recently sold 2,715 shares.

Alamo Group, Inc. (NYSE:ALG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $164.70 and traded as high as $171.77. Alamo Group shares last traded at $167.0070, with a volume of 626,853 shares.

Analyst Ratings Changes

ALG has been the topic of several research reports. DA Davidson reaffirmed a "neutral" rating and issued a $188.00 price target on shares of Alamo Group in a report 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, September 4th. One equities research 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's stock. Based on data from MarketBeat.com, Alamo Group presently has an average rating of "Moderate Buy" and an average price target of $188.00.

Alamo Group Trading Down 1.0%

The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.00 and a beta of 1.09. The company has a fifty day simple moving average of $165.48 and a 200-day simple moving average of $164.70.

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

Alamo Group Dividend Announcement

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

Insider Buying and Selling

In other Alamo Group news, EVP Edward Rizzuti sold 2,715 shares of Alamo Group stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $164.41, for a total transaction of $446,373.15. Following the transaction, the executive vice president directly owned 8,142 shares in the company, valued at approximately $1,338,626.22. The trade was a 25.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Institutional Trading of Alamo Group

Several hedge funds and other institutional investors have recently modified their holdings of ALG. BlackRock Inc. acquired a new position in Alamo Group during the second quarter valued at $288,972,000. Dimensional Fund Advisors LP lifted its stake in Alamo Group by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 527,399 shares of the industrial products company's stock worth $87,006,000 after acquiring an additional 27,597 shares in the last quarter. First Trust Advisors LP boosted its position in Alamo Group by 5.4% during the 1st quarter. First Trust Advisors LP now owns 469,289 shares of the industrial products company's stock worth $77,419,000 after acquiring an additional 24,184 shares during the period. Wasatch Advisors LP boosted its position in Alamo Group by 4.5% during the 1st quarter. Wasatch Advisors LP now owns 371,098 shares of the industrial products company's stock worth $61,220,000 after acquiring an additional 16,019 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Alamo Group by 53.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 358,435 shares of the industrial products company's stock worth $59,131,000 after acquiring an additional 124,845 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

About Alamo Group

Alamo Group Inc NYSE: ALG designs, manufactures, distributes and services equipment used in vegetation management, infrastructure maintenance and agricultural applications. Its products are sold primarily to government agencies, municipalities, contractors, utility companies, industrial organizations and agricultural customers.

The company's product portfolio includes truck- and tractor-mounted mowing equipment, roadside and vegetation-management machinery, snow removal equipment, street sweepers, vacuum trucks, excavators and other specialized infrastructure-maintenance equipment.

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