Alamo Group, Inc. (NYSE:ALG) VP Dan Edward Malone sold 900 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $114.39, for a total transaction of $102,951.00. Following the transaction, the vice president now directly owns 11,150 shares of the company’s stock, valued at $1,275,448.50. The sale was disclosed in a document filed with the SEC, which is available through this link.
NYSE ALG traded down $1.50 on Friday, hitting $114.38. The stock had a trading volume of 87,980 shares, compared to its average volume of 57,964. Alamo Group, Inc. has a one year low of $71.67 and a one year high of $120.58. The company has a current ratio of 3.87, a quick ratio of 2.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1,307.82, a price-to-earnings ratio of 24.70 and a beta of 0.93.
Alamo Group (NYSE:ALG) last released its earnings results on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $243.26 million during the quarter, compared to analyst estimates of $229.40 million. Alamo Group had a net margin of 4.86% and a return on equity of 12.49%. equities research analysts expect that Alamo Group, Inc. will post 5.75 earnings per share for the current fiscal year.
A number of equities analysts have commented on ALG shares. Zacks Investment Research lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $105.00.
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Alamo Group in the 3rd quarter valued at approximately $111,000. LS Investment Advisors LLC increased its stake in Alamo Group by 202.6% in the 4th quarter. LS Investment Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $120,000 after buying an additional 713 shares during the period. Ramsey Quantitative Systems acquired a new position in Alamo Group in the 4th quarter valued at approximately $125,000. Xact Kapitalforvaltning AB acquired a new position in Alamo Group in the 4th quarter valued at approximately $201,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Alamo Group in the 3rd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.
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About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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