Alamo Group Inc. (NYSE:ALG) Short Interest Update

Alamo Group Inc. (NYSE:ALG) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 395,100 shares, a decrease of 5.4% from the November 15th total of 417,800 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average trading volume of 81,000 shares, the days-to-cover ratio is presently 4.9 days.

Alamo Group Stock Up 0.4 %

Alamo Group stock opened at $197.29 on Thursday. The stock’s fifty day moving average is $188.70 and its two-hundred day moving average is $181.75. The stock has a market cap of $2.38 billion, a PE ratio of 19.87 and a beta of 1.10. Alamo Group has a 1-year low of $163.74 and a 1-year high of $231.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39.

Alamo Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.53%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s payout ratio is 10.47%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALG. DA Davidson lifted their price objective on Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Robert W. Baird lifted their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

Insider Transactions at Alamo Group

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the sale, the vice president now directly owns 3,360 shares in the company, valued at $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward Rizzuti sold 276 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the transaction, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at approximately $1,653,031.32. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Alamo Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in shares of Alamo Group by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 3,034 shares of the industrial products company’s stock worth $525,000 after buying an additional 63 shares during the last quarter. Huntington National Bank lifted its position in Alamo Group by 10.4% in the third quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 63 shares during the last quarter. Aurora Investment Counsel lifted its position in Alamo Group by 1.5% in the third quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock valued at $1,034,000 after acquiring an additional 85 shares during the last quarter. FORA Capital LLC boosted its stake in Alamo Group by 6.7% in the third quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 88 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Alamo Group by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 5,200 shares of the industrial products company’s stock worth $900,000 after purchasing an additional 100 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Company 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.