Alamo Group (NYSE:ALG) Sees Large Volume Increase – What’s Next?

Alamo Group Inc. (NYSE:ALG) shares saw unusually-strong trading volume on Tuesday . Approximately 102,667 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 78,359 shares.The stock last traded at $187.13 and had previously closed at $186.54.

Analyst Upgrades and Downgrades

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

Alamo Group Stock Performance

The company has a market cap of $2.27 billion, a P/E ratio of 18.96 and a beta of 1.10. The stock has a 50 day moving average price of $189.67 and a two-hundred day moving average price of $181.80. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.

Alamo Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.55%. Alamo Group’s payout ratio is presently 10.47%.

Insider Activity

In related news, EVP Edward Rizzuti sold 276 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the sale, the executive vice president now owns 8,439 shares in the company, valued at $1,653,031.32. The trade was a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Janet S. Pollock sold 257 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 of the company’s stock, valued at $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position in shares of Alamo Group by 3.8% in the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock valued at $557,000 after buying an additional 113 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Alamo Group in the third quarter worth approximately $273,000. Geode Capital Management LLC boosted its holdings in Alamo Group by 0.3% in the third quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company’s stock valued at $41,834,000 after acquiring an additional 670 shares during the last quarter. Barclays PLC increased its position in Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock valued at $4,039,000 after purchasing an additional 15,061 shares during the period. Finally, First National Bank of Omaha raised its holdings in Alamo Group by 6.6% during the 3rd quarter. First National Bank of Omaha now owns 2,988 shares of the industrial products company’s stock worth $538,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

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.