Nisa Investment Advisors LLC Buys 154 Shares of Alamo Group Inc. (NYSE:ALG)

Nisa Investment Advisors LLC grew its stake in shares of Alamo Group Inc. (NYSE:ALG) by 700.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176 shares of the industrial products company’s stock after acquiring an additional 154 shares during the period. Nisa Investment Advisors LLC’s holdings in Alamo Group were worth $32,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALG. Allspring Global Investments Holdings LLC grew its holdings in Alamo Group by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock worth $115,626,000 after purchasing an additional 45,422 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Alamo Group by 9.4% in the second quarter. Victory Capital Management Inc. now owns 386,638 shares of the industrial products company’s stock worth $66,888,000 after purchasing an additional 33,190 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Alamo Group by 16.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company’s stock worth $64,518,000 after purchasing an additional 52,250 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Alamo Group by 17.1% in the second quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company’s stock worth $59,635,000 after purchasing an additional 50,327 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Alamo Group by 42.4% in the first quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company’s stock worth $39,346,000 after purchasing an additional 51,292 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALG has been the topic of several research reports. Robert W. Baird upped their target price on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. DA Davidson upped their target price on Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Alamo Group Price Performance

NYSE:ALG opened at $195.72 on Friday. Alamo Group Inc. has a one year low of $163.74 and a one year high of $231.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 19.71 and a beta of 1.08. The firm’s fifty day moving average is $178.04 and its two-hundred day moving average is $181.65.

Alamo Group Dividend Announcement

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

Insider Transactions at Alamo Group

In other news, EVP Edward Rizzuti sold 276 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $195.88, for a total transaction of $54,062.88. Following the sale, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at $1,653,031.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alamo Group news, EVP Richard Hodges Raborn sold 300 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total value of $54,384.00. Following the completion of the sale, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. This represents a 0.00 % decrease in their position. The transaction 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 stock in a transaction dated 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 sale, the executive vice president now owns 8,439 shares of the company’s stock, valued at approximately $1,653,031.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 898 shares of company stock valued at $165,856 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

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.