Alamo Group, Inc. (NYSE:ALG) VP Edward Rizzuti sold 374 shares of the stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $99.17, for a total transaction of $37,089.58. Following the sale, the vice president now directly owns 3,325 shares of the company’s stock, valued at $329,740.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
ALG stock traded up $0.44 on Friday, hitting $99.03. 82,877 shares of the company’s stock traded hands, compared to its average volume of 84,599. Alamo Group, Inc. has a 1-year low of $82.51 and a 1-year high of $120.58. The firm has a market cap of $1.15 billion, a PE ratio of 21.39 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.83 and a quick ratio of 3.17.
Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Friday, May 4th. The industrial products company reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.17). The firm had revenue of $238.09 million during the quarter, compared to analysts’ expectations of $237.70 million. Alamo Group had a net margin of 5.00% and a return on equity of 12.43%. sell-side analysts expect that Alamo Group, Inc. will post 5.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Investors of record on Monday, April 16th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, April 13th. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. Alamo Group’s dividend payout ratio (DPR) is presently 9.50%.
Several analysts recently commented on the stock. ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 7th.
Several large investors have recently modified their holdings of ALG. LS Investment Advisors LLC lifted its position in shares of Alamo Group by 202.6% in the 4th quarter. LS Investment Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 713 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of Alamo Group in the 4th quarter valued at approximately $125,000. UBS Group AG lifted its position in shares of Alamo Group by 83.8% in the 1st quarter. UBS Group AG now owns 1,601 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 730 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Alamo Group in the 4th quarter valued at approximately $201,000. Finally, Profund Advisors LLC purchased a new stake in shares of Alamo Group in the 1st quarter valued at approximately $202,000. Institutional investors and hedge funds own 91.40% of the company’s stock.
Alamo Group Company Profile
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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