Alamo Group, Inc. (ALG) EVP Sells $53,770.50 in Stock

Alamo Group, Inc. (NYSE:ALG) EVP Richard Hodges Raborn sold 569 shares of the company’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $94.50, for a total value of $53,770.50. Following the transaction, the executive vice president now owns 6,268 shares of the company’s stock, valued at $592,326. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Alamo Group traded down $1.38, reaching $92.91, during trading on Thursday, MarketBeat reports. 1,626 shares of the company’s stock were exchanged, compared to its average volume of 62,596. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.17 and a current ratio of 4.83. Alamo Group, Inc. has a 1-year low of $86.41 and a 1-year high of $120.58. The firm has a market capitalization of $1.10 billion, a PE ratio of 20.25 and a beta of 0.87.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Friday, May 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.17). Alamo Group had a return on equity of 12.43% and a net margin of 5.00%. The business had revenue of $238.09 million for the quarter, compared to analyst estimates of $237.70 million. equities research analysts predict that Alamo Group, Inc. will post 5.71 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Alamo Group by 2.9% during the 1st quarter. BlackRock Inc. now owns 1,879,794 shares of the industrial products company’s stock worth $206,589,000 after acquiring an additional 53,829 shares during the period. Epoch Investment Partners Inc. acquired a new position in Alamo Group during the 1st quarter worth $19,652,000. Westwood Holdings Group Inc. boosted its position in Alamo Group by 19.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 141,101 shares of the industrial products company’s stock worth $15,507,000 after acquiring an additional 22,643 shares during the period. Loomis Sayles & Co. L P boosted its position in Alamo Group by 2.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 95,708 shares of the industrial products company’s stock worth $10,518,000 after acquiring an additional 2,451 shares during the period. Finally, Prudential Financial Inc. boosted its position in Alamo Group by 23.7% during the 1st quarter. Prudential Financial Inc. now owns 81,726 shares of the industrial products company’s stock worth $8,982,000 after acquiring an additional 15,676 shares during the period. Institutional investors own 91.33% of the company’s stock.

A number of brokerages recently commented on ALG. Zacks Investment Research upgraded Alamo Group from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

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

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