Alamo Group Inc. (NYSE:ALG - Get Free Report) EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $223.87, for a total transaction of $93,577.66. Following the transaction, the executive vice president now directly owns 19,206 shares in the company, valued at $4,299,647.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Alamo Group Trading Up 1.1 %
Shares of ALG stock opened at $228.33 on Friday. Alamo Group Inc. has a 1-year low of $157.74 and a 1-year high of $231.40. The firm has a market cap of $2.75 billion, a PE ratio of 20.10 and a beta of 1.03. The company has a 50-day moving average of $211.61 and a two-hundred day moving average of $194.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.76 and a quick ratio of 1.99.
Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.63 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.22). Alamo Group had a return on equity of 15.52% and a net margin of 8.06%. The company had revenue of $417.54 million during the quarter. On average, analysts predict that Alamo Group Inc. will post 13.17 EPS for the current year.
Alamo Group Increases Dividend
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The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 16th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, January 12th. This is a boost from Alamo Group's previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.46%. Alamo Group's payout ratio is presently 9.15%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on ALG. DA Davidson raised their price target on shares of Alamo Group from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. StockNews.com raised Alamo Group from a "hold" rating to a "buy" rating in a research note on Tuesday, March 5th.
Get Our Latest Stock Analysis on Alamo Group
Hedge Funds Weigh In On Alamo Group
Several hedge funds have recently bought and sold shares of ALG. Aviva PLC purchased a new position in Alamo Group in the 3rd quarter valued at approximately $604,000. GSA Capital Partners LLP boosted its holdings in Alamo Group by 382.0% in the third quarter. GSA Capital Partners LLP now owns 12,171 shares of the industrial products company's stock valued at $2,104,000 after purchasing an additional 9,646 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Alamo Group by 2.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 253,338 shares of the industrial products company's stock valued at $43,792,000 after purchasing an additional 6,215 shares during the period. Strs Ohio increased its holdings in Alamo Group by 12.9% during the 3rd quarter. Strs Ohio now owns 46,400 shares of the industrial products company's stock worth $8,020,000 after purchasing an additional 5,300 shares during the period. Finally, Panagora Asset Management Inc. raised its position in Alamo Group by 10.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 10,353 shares of the industrial products company's stock valued at $1,790,000 after purchasing an additional 956 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.
About Alamo Group
(
Get Free Report)
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.
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