Alamo Group, Inc. (NYSE:ALG) Director Rick Parod purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $98.13 per share, with a total value of $98,130.00. Following the completion of the transaction, the director now directly owns 2,696 shares of the company’s stock, valued at $264,558.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Alamo Group stock traded down $1.58 during mid-day trading on Thursday, hitting $96.44. The company’s stock had a trading volume of 217,480 shares, compared to its average volume of 39,404. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.04 and a beta of 0.83. Alamo Group, Inc. has a 1 year low of $72.50 and a 1 year high of $119.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.60 and a current ratio of 4.27.
A number of institutional investors have recently modified their holdings of the stock. Walthausen & Co. LLC purchased a new position in Alamo Group in the fourth quarter worth approximately $2,965,000. Thrivent Financial for Lutherans grew its position in Alamo Group by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,854 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 150 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Alamo Group in the fourth quarter worth approximately $950,000. Gotham Asset Management LLC purchased a new position in Alamo Group in the fourth quarter worth approximately $232,000. Finally, Metropolitan Life Insurance Co. NY grew its position in Alamo Group by 348.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,963 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 2,303 shares during the period. Institutional investors own 92.87% of the company’s stock.
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.
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