Alamo Group Inc. (NYSE:ALG) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in shares of Alamo Group Inc. (NYSE:ALG) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,034 shares of the industrial products company’s stock after selling 102 shares during the quarter. Advisors Asset Management Inc.’s holdings in Alamo Group were worth $1,267,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ALG. Nisa Investment Advisors LLC grew its stake in shares of Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. JNBA Financial Advisors acquired a new stake in Alamo Group during the third quarter worth about $37,000. First Horizon Advisors Inc. raised its holdings in shares of Alamo Group by 174.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 159 shares during the period. Quarry LP acquired a new position in shares of Alamo Group in the 2nd quarter valued at about $48,000. Finally, Bessemer Group Inc. grew its holdings in shares of Alamo Group by 1,885.7% during the 1st quarter. Bessemer Group Inc. now owns 278 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total value of $54,062.88. Following the completion of the sale, the executive vice president now owns 8,439 shares in the company, valued at approximately $1,653,031.32. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Hodges Raborn sold 300 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the sale, the executive vice president now directly owns 11,061 shares in the company, valued at $2,005,138.08. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Alamo Group Stock Performance

Alamo Group stock opened at $202.72 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. Alamo Group Inc. has a one year low of $163.74 and a one year high of $231.40. The stock’s 50 day moving average price is $182.27 and its 200 day moving average price is $181.26. The firm has a market capitalization of $2.44 billion, a PE ratio of 20.41 and a beta of 1.08.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s payout ratio is 10.47%.

Alamo Group 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.