Insider Selling: Alamo Group, Inc. (ALG) EVP Sells 569 Shares of Stock

Alamo Group, Inc. (NYSE:ALG) EVP Richard Hodges Raborn sold 569 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $95.43, for a total value of $54,299.67. Following the completion of the transaction, the executive vice president now directly owns 7,403 shares in the company, valued at $706,468.29. The transaction was disclosed in a filing with the SEC, which is available at this link.

ALG stock traded up $1.99 during midday trading on Tuesday, hitting $97.48. The company’s stock had a trading volume of 128 shares, compared to its average volume of 72,177. The stock has a market capitalization of $1.11 billion, a PE ratio of 15.85 and a beta of 0.86. Alamo Group, Inc. has a 12 month low of $72.50 and a 12 month high of $106.19. The company has a current ratio of 4.63, a quick ratio of 2.79 and a debt-to-equity ratio of 0.35.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given a $0.12 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.48 annualized dividend and a yield of 0.49%.

Hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank bought a new position in Alamo Group in the 1st quarter valued at approximately $26,000. One Wealth Advisors LLC bought a new position in Alamo Group in the 1st quarter valued at approximately $30,000. Federated Investors Inc. PA bought a new position in Alamo Group in the 1st quarter valued at approximately $36,000. Oppenheimer Asset Management Inc. bought a new position in Alamo Group in the 4th quarter valued at approximately $43,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Alamo Group in the 1st quarter valued at approximately $55,000. 93.02% of the stock is currently owned by institutional investors and hedge funds.

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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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