Alamo Group Inc. (NYSE:ALG) VP Janet S. Pollock Sells 257 Shares of Stock

Alamo Group Inc. (NYSE:ALG) VP Janet S. Pollock sold 257 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the transaction, the vice president now owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alamo Group Price Performance

NYSE:ALG opened at $196.51 on Wednesday. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $231.40. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.37 billion, a P/E ratio of 19.79 and a beta of 1.10. The business’s 50-day moving average price is $188.22 and its 200 day moving average price is $181.64.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. Alamo Group’s dividend payout ratio (DPR) is presently 10.47%.

Institutional Investors Weigh In On Alamo Group

Several large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. JNBA Financial Advisors acquired a new position in shares of Alamo Group in the third quarter worth about $37,000. First Horizon Advisors Inc. increased its position in shares of Alamo Group by 174.7% in the second quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 159 shares in the last quarter. Quarry LP acquired a new stake in shares of Alamo Group during the second quarter valued at approximately $48,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alamo Group in the 2nd quarter valued at approximately $48,000. 92.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. DA Davidson upped their target price on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th.

Alamo Group Company Profile

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.