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

Alamo Group Inc. (NYSE:ALG) VP Janet S. Pollock sold 257 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the transaction, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alamo Group Price Performance

Shares of NYSE ALG opened at $197.29 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. Alamo Group Inc. has a 1-year low of $163.74 and a 1-year high of $231.40. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.87 and a beta of 1.10. The business has a 50-day moving average of $188.70 and a 200-day moving average of $181.75.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s dividend payout ratio is presently 10.47%.

Institutional Trading of Alamo Group

Several large investors have recently bought and sold shares of ALG. Creative Planning boosted its stake in shares of Alamo Group by 33.2% in the third quarter. Creative Planning now owns 2,004 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 499 shares during the period. Advantage Alpha Capital Partners LP acquired a new position in Alamo Group in the 3rd quarter worth $3,014,000. Renaissance Technologies LLC acquired a new position in Alamo Group in the 2nd quarter worth $4,290,000. Allspring Global Investments Holdings LLC boosted its position in Alamo Group by 7.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock valued at $115,626,000 after buying an additional 45,422 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Alamo Group by 366.0% during the second quarter. Squarepoint Ops LLC now owns 20,928 shares of the industrial products company’s stock valued at $3,621,000 after acquiring an additional 16,437 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALG. Robert W. Baird raised their price target on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th. DA Davidson raised their target price on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th.

About Alamo Group

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.