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

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

Separately, Robert W. Baird upped 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 Stock Performance

Shares of ALG stock opened at $184.13 on Wednesday. The firm has a market capitalization of $2.22 billion, a P/E ratio of 18.54 and a beta of 1.11. The company’s fifty day moving average price is $189.61 and its two-hundred day moving average price is $182.87. 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 has a 12 month low of $163.74 and a 12 month high of $231.40.

Insider Activity at Alamo Group

In other news, EVP Edward Rizzuti sold 276 shares of the stock in a transaction 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 transaction, the executive vice president now owns 8,439 shares in the company, valued at $1,653,031.32. This represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $49,706.37. Following the transaction, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in Alamo Group by 700.0% in the 3rd 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 during the last quarter. JNBA Financial Advisors bought a new position in shares of Alamo Group during the 3rd quarter worth about $37,000. Quarry LP bought a new position in shares of Alamo Group during the 2nd quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alamo Group during the 2nd quarter worth about $48,000. Finally, KBC Group NV boosted its position in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after buying an additional 189 shares in the last quarter. 92.36% of the stock is currently 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.