StockNews.com Downgrades Alamo Group (NYSE:ALG) to Hold

Alamo Group (NYSE:ALG) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, Robert W. Baird boosted their target price on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th.

Alamo Group Trading Down 1.5 %

Shares of ALG opened at $185.83 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. Alamo Group has a one year low of $163.74 and a one year high of $231.40. The stock has a 50-day moving average price of $188.93 and a 200 day moving average price of $183.56. The company has a market capitalization of $2.24 billion, a P/E ratio of 18.71 and a beta of 1.11.

Insiders Place Their Bets

In other Alamo Group 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 completion of the transaction, the executive vice president now owns 8,439 shares in the company, valued at approximately $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 can be accessed through this link. Also, 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 completion of the transaction, the vice president now directly owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alamo Group

Several institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in 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 purchasing an additional 154 shares in the last quarter. JNBA Financial Advisors acquired a new stake in shares of Alamo Group during the 3rd quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alamo Group during the second quarter worth $48,000. Quarry LP purchased a new stake in shares of Alamo Group during the second quarter valued at $48,000. Finally, KBC Group NV boosted its position in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.