Alamo Group, Inc. (NYSE:ALG) VP Sells $222,144.20 in Stock

Alamo Group, Inc. (NYSE:ALG) VP Dan Edward Malone sold 2,206 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $100.70, for a total transaction of $222,144.20. Following the sale, the vice president now owns 19,755 shares of the company’s stock, valued at approximately $1,989,328.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

ALG opened at $96.80 on Thursday. The business has a 50 day simple moving average of $97.40. The company has a market cap of $1.14 billion, a P/E ratio of 16.40 and a beta of 0.89. Alamo Group, Inc. has a 12 month low of $72.50 and a 12 month high of $106.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.79 and a current ratio of 4.63.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.08). The business had revenue of $261.93 million during the quarter. Alamo Group had a return on equity of 13.97% and a net margin of 7.18%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALG. Nordea Investment Management AB bought a new stake in Alamo Group during the first quarter worth about $970,000. Punch & Associates Investment Management Inc. boosted its stake in Alamo Group by 1.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 72,795 shares of the industrial products company’s stock worth $7,275,000 after acquiring an additional 1,215 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Alamo Group by 13.7% during the first quarter. Westwood Holdings Group Inc. now owns 200,983 shares of the industrial products company’s stock worth $20,086,000 after acquiring an additional 24,269 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Alamo Group during the first quarter worth about $3,948,000. Finally, Walthausen & Co. LLC boosted its stake in Alamo Group by 127.0% during the first quarter. Walthausen & Co. LLC now owns 87,065 shares of the industrial products company’s stock worth $8,701,000 after acquiring an additional 48,715 shares in the last quarter. 94.71% of the stock is owned by institutional investors.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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.

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Insider Buying and Selling by Quarter for Alamo Group (NYSE:ALG)

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