Alamo Group (NYSE:ALG) Stock Rating Upgraded by StockNews.com

Alamo Group (NYSE:ALGGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Separately, 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 research note on Monday, November 4th.

Check Out Our Latest Report on ALG

Alamo Group Trading Up 0.2 %

Shares of NYSE:ALG opened at $184.13 on Wednesday. Alamo Group has a 12-month low of $163.74 and a 12-month high of $231.40. The business’s fifty day simple moving average is $189.61 and its 200-day simple moving average is $182.87. The company has a market capitalization of $2.22 billion, a PE ratio of 18.54 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21.

Insider Buying and Selling

In other news, VP Janet S. Pollock sold 257 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $193.41, for a total value of $49,706.37. Following the sale, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Rizzuti sold 276 shares of the firm’s 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. This represents a 3.17 % 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.

Hedge Funds Weigh In On Alamo Group

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. JNBA Financial Advisors acquired a new stake in shares of Alamo Group during the 3rd quarter valued at approximately $37,000. Quarry LP acquired a new stake in shares of Alamo Group during the 2nd quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alamo Group during the 2nd quarter valued at approximately $48,000. Finally, KBC Group NV lifted its position in shares of Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Company Profile

(Get Free Report)

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.

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