Key Points
- Executive sale: Alamo Group EVP Edward Rizzuti sold 2,715 shares at an average price of $164.41, generating $446,373.15. His remaining stake fell 25.01% to 8,142 shares.
- Quarterly performance: Alamo Group reported $2.82 in quarterly EPS, beating estimates of $2.74, while revenue of $450.73 million exceeded expectations of $437.48 million.
- Market outlook: Institutional investors own 92.36% of the company, and analysts maintain a “Moderate Buy” consensus with an average price target of $188, compared with shares opening at $165.10.
Alamo Group, Inc. (NYSE:ALG - Get Free Report) EVP Edward Rizzuti sold 2,715 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $164.41, for a total transaction of $446,373.15. Following the completion of the sale, the executive vice president owned 8,142 shares of the company's stock, valued at $1,338,626.22. This trade represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Alamo Group Price Performance
Shares of NYSE ALG opened at $165.10 on Friday. The business's 50 day moving average price is $162.68 and its two-hundred day moving average price is $171.44. The company has a market cap of $2.01 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10. The company has a quick ratio of 2.48, a current ratio of 4.39 and a debt-to-equity ratio of 0.22. Alamo Group, Inc. has a twelve month low of $145.76 and a twelve month high of $227.07.
Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $450.73 million for the quarter, compared to analyst estimates of $437.48 million. On average, analysts predict that Alamo Group, Inc. will post 10.56 EPS for the current year.
Alamo Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Thursday, July 16th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, July 16th. Alamo Group's dividend payout ratio is 16.31%.
Institutional Investors Weigh In On Alamo Group
A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Alamo Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company's stock valued at $1,084,000 after acquiring an additional 251 shares during the period. Millennium Management LLC raised its stake in Alamo Group by 164.7% in the 1st quarter. Millennium Management LLC now owns 63,588 shares of the industrial products company's stock worth $11,332,000 after purchasing an additional 39,564 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company's stock worth $58,000 after purchasing an additional 314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Alamo Group by 12.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,162 shares of the industrial products company's stock valued at $6,444,000 after purchasing an additional 4,062 shares during the period. Finally, Invesco Ltd. boosted its holdings in Alamo Group by 83.7% in the 2nd quarter. Invesco Ltd. now owns 77,385 shares of the industrial products company's stock valued at $16,899,000 after purchasing an additional 35,248 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.
Analyst Upgrades and Downgrades
ALG has been the subject of several research reports. Zacks Research raised Alamo Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. DA Davidson reissued a "neutral" rating and issued a $188.00 price objective on shares of Alamo Group in a research report on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of Alamo Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $188.00.
Get Our Latest Analysis on Alamo Group
Alamo Group Company Profile
(
Get Free Report)
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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