Alamo Group, Inc. (NYSE:ALG) EVP Richard Hodges Raborn sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $111.53, for a total transaction of $223,060.00. Following the completion of the sale, the executive vice president now owns 4,500 shares of the company’s stock, valued at $501,885. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Richard Hodges Raborn also recently made the following trade(s):
- On Friday, September 1st, Richard Hodges Raborn sold 364 shares of Alamo Group stock. The shares were sold at an average price of $92.19, for a total transaction of $33,557.16.
Shares of Alamo Group, Inc. (NYSE:ALG) opened at $114.09 on Thursday. The company has a current ratio of 4.48, a quick ratio of 2.85 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1,321.67, a P/E ratio of 26.36 and a beta of 0.94. Alamo Group, Inc. has a 1 year low of $62.98 and a 1 year high of $114.57.
Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.16. The firm had revenue of $240.46 million during the quarter, compared to the consensus estimate of $223.40 million. Alamo Group had a net margin of 5.56% and a return on equity of 12.11%. sell-side analysts anticipate that Alamo Group, Inc. will post 4.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Monday, October 16th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.40 annualized dividend and a yield of 0.35%. Alamo Group’s dividend payout ratio (DPR) is presently 9.59%.
Several brokerages recently issued reports on ALG. BidaskClub downgraded shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Alamo Group from a “sell” rating to a “strong-buy” rating and set a $131.00 target price for the company in a research note on Tuesday. Finally, Piper Jaffray Companies set a $104.00 target price on shares of Alamo Group and gave the company a “buy” rating in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.00.
A number of hedge funds have recently modified their holdings of ALG. BlackRock Inc. lifted its position in Alamo Group by 1,076.3% during the first quarter. BlackRock Inc. now owns 1,275,432 shares of the industrial products company’s stock worth $97,174,000 after acquiring an additional 1,167,004 shares during the last quarter. American Century Companies Inc. lifted its position in Alamo Group by 226.2% during the third quarter. American Century Companies Inc. now owns 73,931 shares of the industrial products company’s stock worth $7,938,000 after acquiring an additional 51,270 shares during the last quarter. Vanguard Group Inc. lifted its position in Alamo Group by 9.0% during the first quarter. Vanguard Group Inc. now owns 496,485 shares of the industrial products company’s stock worth $37,828,000 after acquiring an additional 41,187 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Alamo Group by 69.9% during the second quarter. Ameriprise Financial Inc. now owns 95,920 shares of the industrial products company’s stock worth $8,711,000 after acquiring an additional 39,455 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in Alamo Group by 80.9% during the second quarter. Prudential Financial Inc. now owns 62,659 shares of the industrial products company’s stock worth $5,690,000 after acquiring an additional 28,030 shares during the last quarter. Hedge funds and other institutional investors own 88.98% of the company’s stock.
Alamo Group Company Profile
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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