Alamo Group (NYSE:ALG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Alamo Group, Inc. (NYSE:ALG)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $190.27 and traded as high as $208.42. Alamo Group shares last traded at $208.21, with a volume of 92,898 shares.

Analyst Ratings Changes

A number of research firms recently issued reports on ALG. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a research report on Monday, December 29th. DA Davidson cut their price target on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen downgraded Alamo Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, CJS Securities raised Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $222.33.

Alamo Group Stock Down 0.1%

The company has a market cap of $2.52 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.16 and a beta of 1.13. The business has a fifty day moving average of $182.11 and a two-hundred day moving average of $190.27. The company has a current ratio of 4.43, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17.

Alamo Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were given a dividend of $0.34 per share. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, January 16th. Alamo Group’s dividend payout ratio (DPR) is currently 14.11%.

Insider Transactions at Alamo Group

In related news, CEO Robert Paul Hureau acquired 600 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $167.77 per share, with a total value of $100,662.00. Following the completion of the acquisition, the chief executive officer directly owned 11,588 shares in the company, valued at approximately $1,944,118.76. This trade represents a 5.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 1,058 shares of company stock worth $175,209 over the last quarter. Company insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its position in shares of Alamo Group by 136.2% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after buying an additional 177 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 314 shares during the period. MAI Capital Management acquired a new stake in shares of Alamo Group in the 3rd quarter valued at $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Alamo Group during the second quarter worth approximately $87,000. Finally, Globeflex Capital L P acquired a new stake in shares of Alamo Group during the second quarter worth about $100,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.