Key Points
- Alamo Group EVP Edward Rizzuti sold 2,537 shares at an average price of $174.68, generating $443,163.16. The sale reduced his direct holdings by 31.16% to 5,605 shares.
- Alamo Group reported quarterly earnings of $2.82 per share, beating estimates by $0.08, while revenue of $450.73 million also exceeded expectations.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $188, compared with the stock’s recent opening price of $172.81; the company also pays a $0.34 quarterly dividend.
Alamo Group, Inc. (NYSE:ALG - Get Free Report) EVP Edward Rizzuti sold 2,537 shares of the company's stock in a transaction dated 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 directly owned 5,605 shares of the company's stock, valued at approximately $979,081.40. This trade represents a 31.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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 Down 0.4%
Shares of ALG opened at $172.81 on Wednesday. The business's 50 day moving average is $165.11 and its 200 day moving average is $166.89. The company has a current ratio of 4.39, a quick ratio of 2.48 and a debt-to-equity ratio of 0.22. Alamo Group, Inc. has a 12-month low of $145.76 and a 12-month high of $219.88. The company has a market capitalization of $2.10 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09.
Alamo Group (NYSE:ALG - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $450.73 million during the quarter, compared to the consensus estimate of $437.48 million. Research analysts expect that Alamo Group, Inc. will post 10.56 earnings per share for the current fiscal year.
Alamo Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Thursday, July 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 16th. Alamo Group's payout ratio is 16.31%.
Analyst Ratings Changes
Several research firms recently weighed in on ALG. DA Davidson reaffirmed a "neutral" rating and set a $188.00 target price on shares of Alamo Group in a research note on Wednesday, July 1st. Weiss Ratings upgraded shares of Alamo Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Alamo Group presently has a consensus rating of "Moderate Buy" and an average target price of $188.00.
Check Out Our Latest Stock Report on Alamo Group
Institutional Trading of Alamo Group
A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in shares of Alamo Group during the 2nd quarter worth approximately $25,000. Squarepoint Ops LLC purchased a new position in shares of Alamo Group in the second quarter valued at $343,000. Nykredit A S purchased a new position in shares of Alamo Group in the second quarter valued at $99,000. Amundi increased its position in Alamo Group by 20.4% in the second quarter. Amundi now owns 4,018 shares of the industrial products company's stock worth $661,000 after purchasing an additional 680 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Alamo Group in the second quarter worth $214,000. Institutional investors own 92.36% of the company's stock.
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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