Robert Paul Hureau Purchases 154 Shares of Alamo Group (NYSE:ALG) Stock

Alamo Group, Inc. (NYSE:ALG) CEO Robert Paul Hureau bought 154 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $161.36 per share, for a total transaction of $24,849.44. Following the transaction, the chief executive officer directly owned 11,742 shares in the company, valued at $1,894,689.12. This trade represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Robert Paul Hureau also recently made the following trade(s):

• On Thursday, November 13th, Robert Paul Hureau purchased 600 shares of Alamo Group stock. The stock was acquired at an average cost of $167.77 per share, with a total value of $100,662.00.

Alamo Group Stock Up 0.0%

Shares of ALG stock traded up $0.08 during trading hours on Monday, reaching $162.53. The company had a trading volume of 208,780 shares, compared to its average volume of 106,106. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.56 and a quick ratio of 2.76. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.94 and a beta of 1.13. The business has a fifty day simple moving average of $187.16 and a 200-day simple moving average of $203.03. Alamo Group, Inc. has a 12 month low of $157.07 and a 12 month high of $233.29.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.27). Alamo Group had a return on equity of 11.45% and a net margin of 7.41%.The business had revenue of $420.04 million during the quarter, compared to analysts’ expectations of $407.55 million. On average, research analysts expect that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Wednesday, October 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 15th. Alamo Group’s dividend payout ratio is presently 12.45%.

Institutional Investors Weigh In On Alamo Group

A number of institutional investors have recently made changes to their positions in the company. Nuveen LLC bought a new position in Alamo Group in the first quarter worth approximately $8,361,000. State of Alaska Department of Revenue lifted its holdings in shares of Alamo Group by 7.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the industrial products company’s stock valued at $1,350,000 after acquiring an additional 441 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Alamo Group in the 1st quarter worth approximately $12,920,000. Jump Financial LLC boosted its stake in Alamo Group by 44.5% during the first quarter. Jump Financial LLC now owns 8,419 shares of the industrial products company’s stock worth $1,500,000 after buying an additional 2,592 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Alamo Group by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,724 shares of the industrial products company’s stock worth $26,148,000 after purchasing an additional 5,679 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ALG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Alamo Group in a research note on Thursday. Wall Street Zen cut Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Baird R W upgraded shares of Alamo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. DA Davidson decreased their price target on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Finally, Zacks Research cut shares of Alamo Group from a “hold” rating to a “strong sell” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $222.33.

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.